The GBP/JPY is flatlined for the second consecutive day, hovering around 192.30, clocking minimal gains of 0.05%.
GBP/JPY slightly rises, within a 191.90/192.80 trading range. Positioned above the Ichimoku Cloud, technical indicators favor a bullish outlook, though signs of consolidation are evident. A breakout above 192.80 could lead to testing resistance at 193.00 and potentially reaching the year-to-date high of 193.54. The cross-pair remains unable to crack the 191.90/192.80 range for the third straight day amid fears of Japanese authorities' intervention.
Further losses are seen if the cross tumbles below the confluence of an upslope support trendline and the 50-day moving average at 190.55. On the flip side, a break above resistance, seen at 192.80, could signal a continuation of the uptrend. The first supply zone to challenge would be 193.00, followed by the year-to-date high at 193.54. GBP/JPY Price Action – Daily Chart GBP/JPY Overview Today last price 192.36 Today Daily Change 0.08 Today Daily Change % 0.04 Today daily open 192.
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