GBP/JPY Price Analysis: Holds steady around 191.00 amid thin liquidity conditions

GBP/JPY hovers around 191.00, with trading subdued due to the Easter holiday.
Technical indicators show potential for movement, with key levels at 191.57 and 190.74, marking immediate targets.
Future direction hinges on breaking 192.00 resistance or 190.00 support.

Christian Borjon Valencia FXStreet

On Friday, the GBP/JPY remained steady at around 191.00, almost flat, as the financial markets remained closed in observance of the Easter holiday. In the meantime, Fed Chair Jerome Powell crossed the newswires, saying that monetary policy is well placed to react to a range of different data paths.

GBP/JPY Price Analysis: Technical outlook

The daily chart suggests the GBP/JPY is trading sideways, capped on the upside by the Tenkan-Sen at 191.57. Since the pair fell below the latter, the exchange rate has remained beneath the 191.40 area, which has opened the door for further downside.

A push below 191.00 could pave the way for a deeper pullback. The next support would be the Kijun Sen at 190.74, followed by the March 25 wing low of 190.33. A breach of the latter would expose the next support level at 190.00.

On the other hand, if GBP/JPY stays afloat and rallies above the Tenkan-Sen, that would open the door to challenge 192.00. Further gains are seen above that level, with the 193.00 mark, followed by the current year-to-date (YTD) high of 193.53.

GBP/JPY Price Action – Daily Chart

GBP/JPY

Overview
Today last price	191.08
Today Daily Change	0.04
Today Daily Change %	0.02
Today daily open	191.04

Trends
Daily SMA20	190.43
Daily SMA50	189.32
Daily SMA100	186.73
Daily SMA200	184.83

Levels
Previous Daily High	191.33
Previous Daily Low	190.57
Previous Weekly High	193.54
Previous Weekly Low	189.54
Previous Monthly High	191.33
Previous Monthly Low	185.23
Daily Fibonacci 38.2%	190.86
Daily Fibonacci 61.8%	191.04
Daily Pivot Point S1	190.63
Daily Pivot Point S2	190.22
Daily Pivot Point S3	189.87
Daily Pivot Point R1	191.39
Daily Pivot Point R2	191.74
Daily Pivot Point R3	192.15

Author

Christian Borjon Valencia

FXStreet

Markets analyst, news editor, and trading instructor with over 14 years of experience across FX, commodities, US equity indices, and global macro markets.

GBP/USD extends slide to fresh 2026-low near 1.3150

GBP/USD resumes its downside in the second half of the day on Wednesday and trades at its lowest level since November 2025 near 1.3150. The pair remains vulnerable amid a broadly firmer US Dollar and chaotic UK political environment. The focus is now on BoE-speak for further trading impetus.

EUR/USD slumps to new yearly low below 1.1350

EUR/USD stays under bearish pressure and trades at its lowest level in a year below 1.1350 on Wednesday. The pair remains vulnerable to further declines amid a bullish US Dollar, which continues to draw support from hawkish Fed bets and US-Iran peace deal uncertainty.

Gold closes in on $4,000 on persistent USD strength

Gold remains under persistent selling pressure and trades at its lowest level since November near $4,000 on Wednesday, losing more than 2.5% on the day. Hawkish Fed pricing, broad-based US Dollar strength and the uncertainty surrounding the US-Iran peace agreement make it difficult for the precious metal to find a foothold.

Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as September Fed rate-hike odds increase

Bitcoin is trading between $62,000 and $63,000 at the time of writing on Wednesday, weighed down by headwinds stemming from macroeconomic uncertainty and geopolitical tensions in the Middle East.

5.90% to 5.45%: Why the Pound ignored the bond market’s relief rally

Keir Starmer resigned on Monday, and the Pound barely moved. That near-silence is the tell. Sterling's real driver these past four months has not been the prime minister, nor the left-leaning frontrunner lining up to replace him, but the long end of the gilt curve, which answers to a force no British politician controls.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.