GBP/JPY: Six Consecutive Days Of Rebound, Bulls Pointing Towards 197.00 Level

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GBP/JPY’s gains hit 0.50% on Monday amid losses in safe-haven currencies.

If GBP/JPY remains above 196.00, the upward trend will continue, with key resistance levels above 197.92 and 200.00.

GBP/JPY has climbed for a sixth day in a row, driven by risk sentiment. Safe-haven currencies continued to underperform during the session as investors awaited the release of U.S. inflation data. GBP/JPY was at 196.16, little changed.