GBP/JPY Price Analysis: Tests 199.00 barrier after breaking above nine-day EMA
- GBP/JPY may find primary barrier at 199.97, the highest since July 2024.
- The 14-day Relative Strength Index holds above the 50 level, indicating sustained bullish momentum.
- The immediate support appears at the nine-day EMA of 198.76.
GBP/JPY has retraced its recent losses, trading around 198.80 during the Asian hours on Wednesday. A look at the daily chart suggested the currency cross is moving upwards within an ascending channel pattern, suggesting a persistent bullish bias.
The 14-day Relative Strength Index (RSI), a key momentum gauge, remains above the 50 mark, signaling continued bullish pressure. Additionally, the GBP/JPY cross is attempting to stay above the nine-day Exponential Moving Average (EMA), suggesting a bullish bias is active.
On the upside, the GBP/JPY cross may approach 199.97, the highest since July 2024, which was reached on July 18, 2025. A break above this level could reinforce the bullish bias and support the currency cross to explore the region around the ascending channel’s upper boundary at 201.10.
The GBP/JPY cross could test immediate support at the nine-day EMA of 198.76. A break below this level could weaken the short-term price momentum and put downward pressure on the currency pair to navigate the area around the lower boundary of the ascending channel at the psychological level of 197.00, followed by the 50-day EMA at 196.59.
GBP/JPY: Daily Chart
British Pound PRICE Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.16% | 0.02% | 0.25% | -0.03% | -0.23% | -0.46% | 0.14% | |
| EUR | -0.16% | -0.14% | 0.10% | -0.19% | -0.41% | -0.62% | -0.02% | |
| GBP | -0.02% | 0.14% | 0.24% | -0.05% | -0.28% | -0.48% | 0.16% | |
| JPY | -0.25% | -0.10% | -0.24% | -0.28% | -0.45% | -0.60% | -0.10% | |
| CAD | 0.03% | 0.19% | 0.05% | 0.28% | -0.17% | -0.22% | 0.20% | |
| AUD | 0.23% | 0.41% | 0.28% | 0.45% | 0.17% | -0.20% | 0.43% | |
| NZD | 0.46% | 0.62% | 0.48% | 0.60% | 0.22% | 0.20% | 0.65% | |
| CHF | -0.14% | 0.02% | -0.16% | 0.10% | -0.20% | -0.43% | -0.65% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
Author
Akhtar Faruqui
FXStreet
Akhtar Faruqui is a Forex Analyst based in New Delhi, India. With a keen eye for market trends and a passion for dissecting complex financial dynamics, he is dedicated to delivering accurate and insightful Forex news and analysis.
