GBP/USD

The USD/JPY is so far consolidating around the ¥106.10 / 106.25 resistance zone, unable to give us a clear confirmation of a rise higher despite rising long-dated US bond yields to almost 1.60% and higher US Dollar demand. From a technical perspective, the currency pair is still trading above both the 50 and the 200-period SMA however, a breakout of this consolidation zone will signal a trend shift to the upside.

Support: 1.3850 / 1.3780

Resistance: 1.3945 / 1.40