GBP/JPY Price Forecast: Holds Ascending Triangle breakout

  • The GBP/JPY pair corrects slightly to near 197.35 during European trading hours on Tuesday after revisiting an almost six-month high around 198.20 the previous day. The cross faces slight selling pressure as the Japanese Yen (JPY) gains due to a sharp decline in the Oil price, following the Israel-Iran ceasefire.