FX.co ★ GBP/JPY

The strengthening of the yen, attributed to traders’ reaction to the speech by Japan’s Finance Minister, is directly affecting the GBP/JPY pair as well. Bears have broken through the H4 Tenkan line, the 217.18 level (Murray 3.8), and have approached the Kijun line. Apart from this support, there are no other obstacles on the pair’s path toward the 215.62 level (Murray 2.8), where the upper boundary of the Ichimoku cloud is located.