The GBP/JPY slipped 0.21% during the North American session on Thursday, as the British pound weakened despite the Bank of England leaving rates unchanged. At the time of writing, the pair was trading around 213.11, having briefly touched 214.06 earlier.
GBP/JPY Price Forecast: Technical outlook
From a technical standpoint, the pair remains broadly neutral, but recent price action shows the Japanese yen gaining strength, pushing the cross toward the 100‑day Simple Moving Average, currently at 212.79.
The Relative Strength Index indicates weakening momentum, with the RSI slipping to 41.68, suggesting further downside pressure may persist.
Should the pair break decisively below the 199‑day SMA, the next support zone would be the May 18 daily low of 211.26, followed by the April 30 swing low of 210.45, and ultimately the 200‑day SMA around 209.32.
Conversely, a clear move above the 50‑day SMA at 214.25 could open the path toward the 215.00 level, with the next resistance cluster near 216.00.
GBP/JPY Price Chart – Daily
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