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GBP/JPY Price Forecast: Stalls below 200-day SMA as bulls struggle for momentum

Summary by FXStreet
The GBP/JPY begins Tuesday’s Asian session mostly unchanged, trading at 193.63, below the 200-day Simple Moving Average (SMA) at 193.91, as it consolidates on top and below of the latter.
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GBP/JPY Price Forecast: Stalls below 200-day SMA as bulls struggle for momentum

The GBP/JPY begins Tuesday’s Asian session mostly unchanged, trading at 193.63, below the 200-day Simple Moving Average (SMA) at 193.91, as it consolidates on top and below of the latter.

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bipns.combipns.com

GBP/JPY Forecast: Triangle Breakout Signals Potential Bullish Rally to 2007 Highs

GBP/JPY has been trending upward since February 7, fueled by Yen weakness and GBP strength. A symmetrical triangle pattern on the daily chart suggests a potential breakout and bullish rally, possibly to 222.00. Key support levels are 194.00, 193.50, 192.00, while resistance levels are 197.50, 198.96, 200.00. The GBP/JPY is one of the more volatile currency pairs and usually provides ample movement and potential opportunities. In the past few wee…

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bipns.com broke the news in on Monday, March 31, 2025.
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