The post GBP/JPY hits yearly high above 205.00 as bulls retain control appeared on BitcoinEthereumNews.com. The GBP/JPY rallies to a fresh six-week and yearly high above the 205.00 figure, posts gain of over 0.40% or 80 pips as the Bank of Japan Governor Kazuo Ueda met with the Japanese Finance Minister. The cross-pair trades at 205.07 virtually unchanged as Thursday’s Asian session gets underway. GBP/JPY Price Forecast: Technical outlook The GBP/JPY retreats somewhat after hitting 205.37, refreshing yearly highs, though bullish momentum is retained. The pair’s printed successive higher highs and higher lows, indicating that momentum favors buyers. Also, the Relative Strength Index (RSI) aims higher in bullish territory, another signal that reinforces bulls’ chances for higher prices. The GBP/JPY key resistance levels are 205.37, the 205.50 figure and the 206.00 mark. Once those levels are taken out, the next resistance would be July 11, 2024, high at 208.12. On the other hand, a drop below 205.00 opens the path for a pullback. The first key demand zone would be the 204.00 mark, followed by the 20-day SMA at 202.92. On further weakness, the next stop would be the 50-day SMA At 201.86. GBP/JPY Price Chart – Daily GBP/JPY daily chart Pound Sterling Price Today The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD 0.34% 0.69% 0.99% 0.45% 0.40% 0.91% 0.69% EUR -0.34% 0.33% 0.63% 0.09% 0.04% 0.57% 0.34% GBP -0.69% -0.33% 0.29% -0.24% -0.29% 0.24% 0.01% JPY -0.99% -0.63% -0.29% -0.52% -0.57% -0.06% -0.28% CAD -0.45% -0.09% 0.24% 0.52% -0.04% 0.47% 0.25% AUD -0.40% -0.04% 0.29% 0.57% 0.04% 0.53% 0.30% NZD -0.91% -0.57% -0.24% 0.06% -0.47% -0.53% -0.23% CHF -0.69% -0.34% -0.01% 0.28% -0.25% -0.30% 0.23% The heat map shows percentage changes of major currencies against each other. The… The post GBP/JPY hits yearly high above 205.00 as bulls retain control appeared on BitcoinEthereumNews.com. The GBP/JPY rallies to a fresh six-week and yearly high above the 205.00 figure, posts gain of over 0.40% or 80 pips as the Bank of Japan Governor Kazuo Ueda met with the Japanese Finance Minister. The cross-pair trades at 205.07 virtually unchanged as Thursday’s Asian session gets underway. GBP/JPY Price Forecast: Technical outlook The GBP/JPY retreats somewhat after hitting 205.37, refreshing yearly highs, though bullish momentum is retained. The pair’s printed successive higher highs and higher lows, indicating that momentum favors buyers. Also, the Relative Strength Index (RSI) aims higher in bullish territory, another signal that reinforces bulls’ chances for higher prices. The GBP/JPY key resistance levels are 205.37, the 205.50 figure and the 206.00 mark. Once those levels are taken out, the next resistance would be July 11, 2024, high at 208.12. On the other hand, a drop below 205.00 opens the path for a pullback. The first key demand zone would be the 204.00 mark, followed by the 20-day SMA at 202.92. On further weakness, the next stop would be the 50-day SMA At 201.86. GBP/JPY Price Chart – Daily GBP/JPY daily chart Pound Sterling Price Today The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD 0.34% 0.69% 0.99% 0.45% 0.40% 0.91% 0.69% EUR -0.34% 0.33% 0.63% 0.09% 0.04% 0.57% 0.34% GBP -0.69% -0.33% 0.29% -0.24% -0.29% 0.24% 0.01% JPY -0.99% -0.63% -0.29% -0.52% -0.57% -0.06% -0.28% CAD -0.45% -0.09% 0.24% 0.52% -0.04% 0.47% 0.25% AUD -0.40% -0.04% 0.29% 0.57% 0.04% 0.53% 0.30% NZD -0.91% -0.57% -0.24% 0.06% -0.47% -0.53% -0.23% CHF -0.69% -0.34% -0.01% 0.28% -0.25% -0.30% 0.23% The heat map shows percentage changes of major currencies against each other. The…