“GBP/JPY Remains Supported Despite Intraday Fluctuations – Forecast (28-01-2026)”

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GBP/JPY has remained stable above the 210.40 level since yesterday’s trading, increasing the likelihood of building bullish momentum to support the suggested upward trend. The initial target is near 211.70, and a break above the 55-period moving average would strengthen the chances of extending gains toward 212.15, testing the previously broken bullish channel’s resistance.

However, renewed bearish pressure and a drop below the 210.40 support would signal dominance of the corrective bearish bias, potentially pushing the pair lower toward 209.60 and 209.00.

Expected trading range for today: 210.65 – 212.15
Trend forecast: Bullish

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