“GBPJPY Reaches Initial Target | Today’s Forecast – 29 Jan 2026”

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The GBPJPY pair benefited from stable trading above the 210.40 level, allowing positive signals from the main technical indicators to activate and drive price action toward the initial target at 212.15.

Continued bullish momentum from the primary indicators would support a break above the 212.15 level, increasing the likelihood of testing the previously broken bullish channel support at 212.55. This level represents a key confirmation point for the prevailing trend in upcoming sessions. A sustained break above 212.55 would confirm readiness for further gains, with upside targets at 213.00 and 213.45. Conversely, the bullish outlook would be at risk if price breaks below the 210.40 support level.

Expected trading range for today: 211.30 – 212.55

Trend forecast: Bullish

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