GBP/JPY Price Forecast: Further decline towards 197.00 looks likely

  • The Pound is correcting lower from last week's highs, right below the 200.00 psychological level, with bears testing support at the area around previous highs, in the 198.30- 198.40 region at the time of writing. Market sentiment is sour, as Trump's latest tariff threats to the Eurozone and Mexico have added uncertainty to the global trade outlook.