GBP/JPY Meets Forecasted Target Amid Continued Momentum – 9 Oct 2025

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“The GBP/JPY pair concluded its bullish rally upon reaching the 205.35 level, where it encountered resistance at the 2.00% Fibonacci extension, creating a new barrier to further upward movement. This led to a period of weak sideways trading, with price stabilizing near 204.50.

Additionally, the stochastic oscillator is attempting to exit overbought territory, which could trigger corrective trading targeting the 203.80 and 203.35 levels. However, a decisive break above the current resistance would confirm a continuation of the bullish trend, opening the door for further gains.”

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