The British Pound is showing mixed signals against the US Dollar and Japanese Yen in the forex market. The GBP/USD and GBP/JPY pairs are facing some uncertainty in their technical forecasts.
Against the US Dollar, the British Pound is struggling to find clear direction. The GBP/USD pair is currently trading in a range-bound pattern, with support at 1.3700 and resistance at 1.3900. Traders are advised to watch for a breakout above or below these levels to determine the next move for the pair.
On the other hand, the British Pound is showing some strength against the Japanese Yen. The GBP/JPY pair is trading above its key support level at 150.00, indicating a bullish trend. Traders should keep an eye on the resistance level at 152.00 as a potential target for the pair.
Overall, the technical forecasts for the British Pound against the US Dollar and Japanese Yen are uncertain at the moment. Traders are advised to closely monitor key support and resistance levels to determine their trading strategies.