GBP/JPY Price Forecast: Breaks above 203.00 as bulls eye 204.25
The Pound Sterling extended its gains versus the Japanese Yen on Monday, surpassing the 203.00 milestone as it gains over 0.54% clearing key previous resistance level turned support at the 20-day SMA at 202.37.
  • GBP/JPY climbs above resistance amid renewed buying, turning 202.37 into key support zone.
  • Bulls eye 204.24 and year-to-date high near 205.32 as RSI signals further upside momentum.
  • Break below 202.00 risks deeper pullback toward 50-day SMA and November 7 swing low.

The Pound Sterling extended its gains versus the Japanese Yen on Monday, surpassing the 203.00 milestone as it gains over 0.54% clearing key previous resistance level turned support at the 20-day SMA at 202.37.

GBP/JPY Price Forecast: Technical outlook

Despite this, the GBP/JPY seems poised to consolidate unless buyers clear the next key resistance at 204.24 October 27 swing high. An uptrend resumption above the latter and the next stop would be the year-to-date (YTD) high at 205.32.

For a bearish scenario, sellers need to push the cross below the 20-dat SMA to test 202.00. Subsequent support rests at the 50-day SMA at 201.27, and a clear break, puts 201.00 to the test ahead of challenging the November 7 daily low of 200.65.

Given the backdrop described and the bullish momentum depicted by the Relative Strength Index (RSI), further upside is seen, but it is crucial for buyers, to hold firm above 203.00.

GBP/JPY Price Chart – Daily

GBP/JPY daily chart

Pound Sterling Price This week

The table below shows the percentage change of British Pound (GBP) against listed major currencies this week. British Pound was the strongest against the Swiss Franc.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.05% 0.04% 0.02% 0.04% 0.04% -0.01% 0.06%
EUR -0.05% -0.01% -0.05% -0.01% -0.02% -0.07% 0.00%
GBP -0.04% 0.01% 0.00% -0.01% -0.01% -0.05% 0.01%
JPY -0.02% 0.05% 0.00% 0.00% -0.00% -0.04% 0.02%
CAD -0.04% 0.01% 0.00% -0.00% -0.01% -0.03% 0.02%
AUD -0.04% 0.02% 0.00% 0.00% 0.00% -0.04% 0.00%
NZD 0.00% 0.07% 0.05% 0.04% 0.03% 0.04% 0.06%
CHF -0.06% -0.00% -0.01% -0.02% -0.02% -0.01% -0.06%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).

Acuity Trading
Trade The World
Acuity Trading è una fintech con sede a Londra, fondata nel 2013, specializzata in dati alternativi basati su AI e analisi del sentiment per il trading e gli investimenti. Ha rivoluzionato l’esperienza di trading online con strumenti visivi di notizie e sentiment e continua a guidare il mercato con dati alternativi che generano alfa e strumenti di trading altamente coinvolgenti sfruttando le più recenti ricerche e tecnologie AI.
Read More

LIVE QUOTES

Name / Symbol
Chart
% Change / Price
NVDA/NAS
1 D change
+0%
0
ON/NAS
1 D change
+0%
0
MSFT/NAS
1 D change
+0%
0

ALL ABOUT TECHNICAL

Esplora Altri Strumenti
Accademia di Trading
Sfoglia una vasta gamma di articoli educativi che coprono strategie di trading, approfondimenti di mercato e fondamentali finanziari, tutto in un unico posto.
Scopri di più
Corsi
Esplora corsi di trading strutturati progettati per supportare la tua crescita in ogni fase del tuo percorso di trading.
Scopri di più
Webinar
Partecipa a webinar live e on-demand per ottenere approfondimenti di mercato in tempo reale e strategie di trading da esperti del settore.
Scopri di più