The GBP/JPY is catching a Monday bid, rebounding from last week's dip. It's a heavy week on the economic calendar for the Pound Sterling, with wages, inflation,and Retail Sales inbound. Dovish comments from BoE officials are capping upside potential for the GBP. catching some early-week lift against the Japanese Yen to kick off the new trading week as Guppy traders brace for a tense showing on the economic calendar this week.
7% from last week's peak at 183.80, but the pair is seeing lift from last week's swing low after catching a rebound from the 200-hour Simple Moving Average . An extended bullish push could face difficulties in the near-term with the 50-hour SMA pulling down price action from below 182.20.
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