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).

FXStreet
Trade The World
超過一百萬用戶依賴 FXStreet 獲取即時市場數據、圖表工具、專家洞見與外匯新聞。其全面的經濟日曆與教育網路研討會協助交易者保持資訊領先、做出審慎決策。FXStreet 擁有約 60 人的團隊,分布於巴塞隆納總部及全球各地。
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

探索更多工具
交易學院
瀏覽涵蓋交易策略、市場洞察和金融基礎知識的廣泛教育文章,一站式學習。
瞭解更多
課程
探索結構化的交易課程,旨在支持您在交易旅程的每個階段的成長。
瞭解更多
網絡研討會
參加現場和點播網絡研討會,從行業專家那裡獲得實時市場洞察和交易策略。
瞭解更多