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…