GBP/JPY Price Forecast: Rallies to two-week top, above 210.50 amid post-BoJ JPY selloff
GBP/JPY Price Forecast: Evening star puts 207.00 back in play
GBP/JPY Price Forecast: Rebounds above 207.00 as oversold risk eases
GBP/JPY Price Forecast: Bearish structure remains intact ahead of BoE and BoJ decisions
GBP/JPY Price Forecast: Bears circle 207.00 as RSI rebounds
GBP/JPY Price Forecast: Clings to gains above 208.00; bearish bias intact ahead of BoE/BoJ
TL;DR: GBP/JPY enters a back-to-back central-bank week with three independent arguments for a rebound—the BoE's hawkish bloc has little room to retreat, a fully priced BoJ hike may give Yen no new information, and the pair is oversold at a two-layer technical support zone—creating an asymmetric setup where the bullish threshold is lower than the bearish one.
GBPJPY currency pair recently reversed down from the support zone located between the multi-month support level 207.3 (which reversed the price in February) and the lower daily Bollinger Band.
GBP/JPY Price Forecast: RSI signals exhaustion after a steep 4% decline
GBP/JPY Price Forecast: Oversold conditions help buyers regain ground
GBP/JPY Price Forecast: Six-month lows at the 209.20 area under pressure
GBP/JPY Price Forecast: Intervention shock exposes 210.00