The GBP/JPY pair concluded its bullish rally after reaching the 205.35 level, which coincides with the 2.00% Fibonacci extension, creating a new resistance barrier. This has led to weak sideways movement, with the price stabilizing near 204.50.
The stochastic indicator is attempting to exit overbought territory, suggesting a potential corrective phase targeting 203.80 and 203.35. However, a decisive break above the current resistance would confirm a continuation of the bullish momentum, aiming for further gains toward 205.75 and then 207.05.
Today’s expected trading range is between 203.80 and 205.15.
Trend forecast: Bearish
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Full VIP signals performance report for September 22–26, 2025:
