The post Consolidates below 205.50 amid Yen gains appeared on BitcoinEthereumNews.com. GBP/JPY consolidates during Tuesday’s session as the Japanese Yen (JPY) appreciates on threats of possible intervention of the BoJ in the FX markets, and also as Pound Sterling traders wait for the release of UK’s fiscal budget. At the time of writing, the cross trades at 205.44, losing 0.08%. GBP/JPY Price Forecast: Technical outlook The GBP/JPY trades sideways but a daily close below 206.00 and 205.50, could sponsor a retest of last Friday’s low of 204.30. Momentum favors further upside as the Relative Strength Index (RSI) lies above its neutral line, an indication that buyers outweigh sellers. That said, if the cross rises past 206.00, the next stop would be the yearly peak of 206.86, ahead of the 207.00 milestone. Once cleared, the next resistance is 208.00 ahead of 210.00. For a bearish continuation, sellers must clear the November 21 low of 204.30. The next support would be 204.00 and the 50-day SMA at 202.17. GBP/JPY Price Chart – Daily GBP/JPY daily chart Pound Sterling Price This week The table below shows the percentage change of British Pound (GBP) against listed major currencies this week. British Pound was the strongest against the Canadian Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.48% -0.49% -0.34% -0.01% -0.17% -0.13% -0.14% EUR 0.48% -0.03% 0.13% 0.46% 0.29% 0.34% 0.34% GBP 0.49% 0.03% 0.14% 0.49% 0.31% 0.37% 0.35% JPY 0.34% -0.13% -0.14% 0.33% 0.10% 0.08% 0.21% CAD 0.00% -0.46% -0.49% -0.33% -0.18% -0.12% -0.13% AUD 0.17% -0.29% -0.31% -0.10% 0.18% 0.07% 0.06% NZD 0.13% -0.34% -0.37% -0.08% 0.12% -0.07% -0.01% CHF 0.14% -0.34% -0.35% -0.21% 0.13% -0.06% 0.01% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if… The post Consolidates below 205.50 amid Yen gains appeared on BitcoinEthereumNews.com. GBP/JPY consolidates during Tuesday’s session as the Japanese Yen (JPY) appreciates on threats of possible intervention of the BoJ in the FX markets, and also as Pound Sterling traders wait for the release of UK’s fiscal budget. At the time of writing, the cross trades at 205.44, losing 0.08%. GBP/JPY Price Forecast: Technical outlook The GBP/JPY trades sideways but a daily close below 206.00 and 205.50, could sponsor a retest of last Friday’s low of 204.30. Momentum favors further upside as the Relative Strength Index (RSI) lies above its neutral line, an indication that buyers outweigh sellers. That said, if the cross rises past 206.00, the next stop would be the yearly peak of 206.86, ahead of the 207.00 milestone. Once cleared, the next resistance is 208.00 ahead of 210.00. For a bearish continuation, sellers must clear the November 21 low of 204.30. The next support would be 204.00 and the 50-day SMA at 202.17. GBP/JPY Price Chart – Daily GBP/JPY daily chart Pound Sterling Price This week The table below shows the percentage change of British Pound (GBP) against listed major currencies this week. British Pound was the strongest against the Canadian Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.48% -0.49% -0.34% -0.01% -0.17% -0.13% -0.14% EUR 0.48% -0.03% 0.13% 0.46% 0.29% 0.34% 0.34% GBP 0.49% 0.03% 0.14% 0.49% 0.31% 0.37% 0.35% JPY 0.34% -0.13% -0.14% 0.33% 0.10% 0.08% 0.21% CAD 0.00% -0.46% -0.49% -0.33% -0.18% -0.12% -0.13% AUD 0.17% -0.29% -0.31% -0.10% 0.18% 0.07% 0.06% NZD 0.13% -0.34% -0.37% -0.08% 0.12% -0.07% -0.01% CHF 0.14% -0.34% -0.35% -0.21% 0.13% -0.06% 0.01% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if…

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more