The GBP/JPY pair closed yesterday below the resistance level at 203.95, prompting the formation of bearish corrective waves and settling near 203.15.
The stochastic indicator attempting to exit the overbought zone suggests a pause in the bullish rally, with potential further losses toward 202.45 and additional support at 201.75. On the other hand, a successful breach above 203.95 would improve the prospects for renewed gains, targeting 204.60 initially and 205.25 at the top.
Today’s expected trading range: 202.45 – 203.90
Trend forecast: Bearish
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Full VIP signals performance report for September 22–26, 2025:
