GBP/JPY Price Analysis: Subdued, trades flat above 201.00

GBP/JPY remains upward biased with support from a bullish yet trendless RSI, hinting at stable rates.
Key resistance at YTD high of 201.61 and the 202.00 mark.
Key support levels include 201.00, Tenkan-Sen at 200.26, Senkou Span A at 199.71, and Kijun-Sen at 199.15.

Christian Borjon Valencia FXStreet

The GBP/JPY remained subdued on Thursday yet finished up 0.06%, virtually unchanged. As Friday’s Asian Pacific session begins, the cross trades at 201.11, flat.

GBP/JPY Price Analysis: Technical outlook

According to the daily chart, the GBP/JPY remains upward biased and is backed by momentum as the Relative Strength Index (RSI) is bullish, though trendless. This hints that the cross might remain at around current exchange rates amid the lack of catalysts and fears of Japanese authority's intervention.

On the upside, the GBP/JPY first resistance would be the year-to-date (YTD) high at 201.61, ahead of the 202.00 mark.

On further weakness, the cross could tumble below 201.00 and test the Tenkan-Sen at 200.26, the first support level, followed by the Senkou Span A at 199.71. Once surpassed, the next stop would be the Kijun-Sen at 199.15.

GBP/JPY Price Action – Daily Chart

GBP/JPY

Overview
Today last price	201.19
Today Daily Change	0.08
Today Daily Change %	0.04
Today daily open	201.11

Trends
Daily SMA20	199.96
Daily SMA50	196.73
Daily SMA100	193.36
Daily SMA200	188.6

Levels
Previous Daily High	201.13
Previous Daily Low	200.42
Previous Weekly High	201.62
Previous Weekly Low	198.92
Previous Monthly High	200.75
Previous Monthly Low	191.37
Daily Fibonacci 38.2%	200.86
Daily Fibonacci 61.8%	200.69
Daily Pivot Point S1	200.64
Daily Pivot Point S2	200.18
Daily Pivot Point S3	199.93
Daily Pivot Point R1	201.35
Daily Pivot Point R2	201.6
Daily Pivot Point R3	202.06

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.

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