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GBP/JPY outlook underpinned on Central Bank divergence

FXStreet (Guatemala) - GBP/JPY is trading at 185.18, down -0.05% on the day, having posted a daily high at 185.36 and low at 185.13.

GBP/JPY made a comeback up to 185.55 but met supply back to meet the ascending support line from 184.53 and is currently dropping back below the pivot and yesterdays business. 186.00 remains as the bull’s target.

While the BoJ are beating the same drum, there is appearing to be some mix in in opinion coming from the Central banks voting members, and likewise from the BoE.

Analysts at TD Securities explained, "During the BoE testimony before the Treasury Select Committee, Gov. Carney said that MPC discussions have been about pace and timing of tightening, as opposed to further easing, while Cunliffe expressed dovish views and Forbes was more hawkish in her comments". In any respect, there are no changes to thought of the direction and divergence between the central banks and that should keep the bullish direction of the cross underpinned for the medium outlook.

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