Price movements on the GBP / JPY currency pair chart once again show a surge towards weekend trading with market-focused focus on the Brexit issue and the US economic stimulus package.
Both issues show good development and return confidence to investors.
The outcome of the Brexit talks is expected to be announced today in the hope that an agreement between the UK and the European Union (EU) can be reached.
Meanwhile, the US aid package previously criticized by Donald Trump for its low aid value has been seen as positive again after lawmakers agreed to increase the value of higher aid.
Like the US dollar, the Japanese Yen also depreciated as a safe-haven currency with recovering market sentiment.
The price on the GBP / JPY chart has shown a reversal from the earlier week drop at 137.00.
As of Wednesday's trading, prices had risen above 140.00 following expectations of Brexit negotiations returning to support the strengthening of the Pound while the Yen was weak in the market.
Continuing trading on Thursday, the price continued to rise to the level of 140,300 at the beginning of the European session.
The continued rise will test the 140,700 elevation reached in early December before reaching the 141,200 level.
If prices fall again, investors will focus on key levels such as the RBS (resistance become support) zones 139.200 and 138.300.
A lower drop will re-test the support zone below the 137.00 level as at the beginning of this week's trading.
