The GBP/JPY currency pair has recently demonstrated a positive trend, gaining approximately 3.5% since early November. However, this week, the momentum appears to have stalled as the price faced resistance around the 207.35 level. Traders had anticipated further gains, but the bulls struggled to maintain their upward trajectory beyond this critical technical resistance.
The inability to break through the 207.35 threshold raises questions about the strength of the current bullish sentiment. As market participants reassess the exchange rate dynamics, the focus may shift to upcoming economic indicators and geopolitical developments that could influence trading strategies. A sustained move above this resistance could signal renewed bullish interest, while failure to do so might prompt a correction in the GBP/JPY pair.
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Data Source: FX Killer Analysis Team Updated: 2025-12-05 09:21
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.