213 resistance cluster awaits British Pound: GBP/JPY Price Forecast

A cluster of resistance levels limits buyers’ progress as GBP/JPY attempts to add to its gains.
212.90 to 213.03 marks the resistance zone formed by the 61.8% Fibonacci retracement and the 100-day and 200-day SMAs.
With ADX around 17 indicating limited trend strength, RSI and MACD retain a mildly bullish signal.

GBP/JPY is trading around 212.44 at the time of writing. The cross is up 0.09% on Tuesday, maintaining a modest bullish bias but finding little follow-through after the previous day’s 0.32% advance. Immediate gains remain constrained by the 100-day and 200-day Simple Moving Averages (SMAs) around 213.00.

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Technical Outlook: Resistance Limits Gains

On the daily chart, 212.90 marks the 61.8% Fibonacci retracement, with the pair trading just below it. This reinforces the concentration of overhead supply, although momentum retains a constructive tone. The Relative Strength Index (RSI) is around 58, and the Moving Average Convergence Divergence (MACD) line remains positive. By contrast, the Average Directional Index (ADX), at around 17, suggests the trend is losing strength.

The 61.8% Fibonacci retracement at 212.90, the 200-day SMA at 212.93 and the 100-day SMA at 213.03 are the barriers to clear on the upside. A move through these levels would put the 78.6% retracement at 214.54 in reach, ahead of the recent high around 216.62.

The 50% Fibonacci retracement around 211.76 provides the first downside support. If that gives way, attention would shift to the 38.2% retracement at 210.61. Further support lies at the 23.6% level at 209.19, then the swing low around 206.90.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Japanese Yen: Today’s Percentage Moves

The Japanese Yen recorded its strongest performance against the Australian Dollar today. The table below details the Japanese Yen’s (JPY) percentage moves against the major currencies listed.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.06%	0.11%	0.21%	0.10%	0.32%	0.07%	0.15%
EUR	-0.06%		0.05%	0.14%	0.06%	0.25%	0.02%	0.09%
GBP	-0.11%	-0.05%		0.08%	0.00%	0.20%	-0.05%	0.04%
JPY	-0.21%	-0.14%	-0.08%		-0.09%	0.12%	-0.13%	-0.06%
CAD	-0.10%	-0.06%	-0.00%	0.09%		0.21%	-0.04%	0.04%
AUD	-0.32%	-0.25%	-0.20%	-0.12%	-0.21%		-0.25%	-0.17%
NZD	-0.07%	-0.02%	0.05%	0.13%	0.04%	0.25%		0.08%
CHF	-0.15%	-0.09%	-0.04%	0.06%	-0.04%	0.17%	-0.08%

Percentage moves between major currencies are displayed in the heat map. Select the base currency from the left-hand column and the quote currency from the top row. For instance, selecting the Japanese Yen on the left and following its row across to the US Dollar gives the percentage change for JPY (base)/USD (quote) in the corresponding cell.