The GBP/JPY price has reached a significant resistance level, according to FXStreet. This means that the exchange rate between the British pound and the Japanese yen has hit a point where it is likely to encounter strong selling pressure. Traders will be closely watching to see if the price is able to break through this level, or if it will retreat back down. This resistance level could have a major impact on the future direction of the GBP/JPY exchange rate.
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