The GBP/JPY currency pair has begun the year on a mild bullish trajectory as the Pound continues to show resilience against the Japanese Yen. Despite the typical New Year trading lull, the exchange rate remains constrained below the key resistance level of 211.60, with the upper boundary of the recent two-week range noted around 211.50. This technical ceiling is proving significant for traders looking for momentum.
On Friday, the Yen is under pressure, reflecting a moderate market sentiment that has influenced trading volumes across the board. As the USD and EUR also fluctuate against other currencies, market participants are closely monitoring the performance of GBP/JPY to gauge any potential breakout above the key resistance. The ongoing dynamics suggest that the Pound will need to gain further strength to surpass this critical level and sustain its bullish trend.
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Data Source: FX Killer Analysis Team Updated: 2026-01-02 08:28
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.