GBP/JPY Price Resists Stochastic Bearish Signals – Forecast for October 16, 2025

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The GBP/JPY pair overcame stochastic bearish signals by closing above the support level at 201.70, advancing to settle near 202.55 with positive momentum.

Building on this momentum is crucial to strengthen the potential for a robust bullish rally targeting the initial resistance at 203.40, with a further extension toward the 1.809% Fibonacci level at 203.85.

The expected trading range for today is between 201.80 and 203.40.

Trend forecast: Bullish

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