“GBP/JPY Approaching Peak Levels – Market Forecast (23-01-2026)”

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The GBP/JPY pair benefited from its stability within the bullish channel, forming a strong upward rally and reaching the anticipated target at 214.10, approaching the recent peak at 214.30.

Although bullish momentum from key indicators continues to support the pair, a clear break above the current peak and a positive close are important to confirm a move toward a new bullish phase, targeting 215.00 and 215.55.

Expected trading range for today: 213.45 – 215.00
Trend forecast: Bullish

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