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British Pound Technical Analysis: GBP/JPY, GBP/USD, EUR/GBP Rates Outlook - Vimarsana News

British Pound Technical Analysis: GBP/JPY, GBP/USD, EUR/GBP Rates Outlook

The British Pound continues to struggle in the wake of UK PM Johnson’s resignation.

British Pound Technical Analysis: GBP/JPY, GBP/USD, EUR/GBP Rates Outlook - Vimarsana News

British Pound Technical Analysis: GBP/JPY, GBP/USD, EUR/GBP Rates Outlook

Despite a rebound around the June BOE meeting, the British Pound’s prospects have not meaningfully changed.

British Pound Technical Analysis: GBP/JPY, GBP/USD, EUR/GBP Rates Outlook - Vimarsana News

British Pound Technical Analysis: GBP/JPY, GBP/USD, EUR/GBP Rates Outlook

A calm across markets is seeing many of the extreme moves over the past week reverse course.

British Pound Technical Analysis: GBP/JPY, GBP/USD, EUR/GBP Rates Outlook - Vimarsana News

British Pound Technical Analysis: GBP/JPY, GBP/USD, EUR/GBP Rates Outlook

The Russian invasion of Ukraine has provoked meaningful downside, even as losses have reversed.

British Pound Technical Analysis: GBP/JPY, GBP/USD, EUR/GBP Rates Outlook - Vimarsana News

British Pound Technical Analysis: GBP/JPY, GBP/USD, EUR/GBP Rates Outlook

The three major GBP-crosses continue to evolve in a manner that points to more British Pound strength.