The currency pair is staying within the boundaries of the uptrend. The rebound from the trend support is having a positive effect on the currency pair's growth.
The Japanese yen continues to weaken against the strong dollar. Against this backdrop, the pound is gaining ground and is poised to continue its growth.
The currency pair is storming the resistance level of 211.6 as part of consolidation. Steady upward movement and a weak Japanese yen could lead to a breakout of this resistance level, followed by a rally to 213.6 - 214.3.
Resistance levels: 211.6, 212.1
Support levels: 210.7, 209.55
A breakout of the resistance range and consolidation in the channel between 211.6 and 212.12 could support the currency pair, which in turn could trigger a rally to 213.6.
Best regards, R. Linda!
Translated with DeepL.com (free version)
The Japanese yen continues to weaken against the strong dollar. Against this backdrop, the pound is gaining ground and is poised to continue its growth.
The currency pair is storming the resistance level of 211.6 as part of consolidation. Steady upward movement and a weak Japanese yen could lead to a breakout of this resistance level, followed by a rally to 213.6 - 214.3.
Resistance levels: 211.6, 212.1
Support levels: 210.7, 209.55
A breakout of the resistance range and consolidation in the channel between 211.6 and 212.12 could support the currency pair, which in turn could trigger a rally to 213.6.
Best regards, R. Linda!
Translated with DeepL.com (free version)
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