The GBP/JPY consolidates at around current exchange rates, unable to break above/below the 191.60/192.80 range, following an inflation report in the UK that sparked a rally in the GBP/USD pair.
GBP/JPY remains confined between 191.60 and 192.80, unable to break through key resistance at 193.00. Technical analysis highlights potential decline towards strong support at 190.00, with key indicators aligning. Immediate technical supports to watch include the Tenkan-Sen at 191.46 and the Kijun-Sen at 191.06. Therefore, after finishing Wednesday's session around familiar levels, the cross-currency pair trades at 192.22, virtually unchanged.
Since then, the GBP/JPY remains subdued. The first resistance would be 193.00, followed by the YTD high. On the flip side, the first support would be 190.00, followed by key support levels. Up next would be the Tenkan-Sen at 191.46, the Senkou Span A at 191.26, and the Kijun-Sen at 191.06. GBP/JPY Price Action – Daily Chart GBP/JPY Overview Today last price 192.17 Today Daily Change -0.09 Today Daily Change % -0.05 Today daily open 192.26 Trends Daily SMA20 191.61 Daily SMA50 190.
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