The British pound initially fell during the course of the trading week to reach down towards the major support level. That being said, we have turned around to show signs of life again.
The British pound initially tried to rally against the Japanese yen during the trading session on Friday but gave back gains to form a less than impressive reaction to the bullish candlestick from the previous day.
The British pound has rallied a bit during the course of the trading session on Thursday, to reach towards the ¥151 level. The ¥151 level is an area where we have seen significant selling previously.