GBP/JPY maintains bullish momentum, rising to 210.93 as traders look toward the 211.28 resistance threshold.
The GBP/JPY pair is maintaining strong bullish momentum, marking its third consecutive day of gains as it trades at 210.93. The pair is currently testing critical technical levels, specifically targeting the September 18 high of 211.28, which serves as the immediate resistance before the 50-day Simple Moving Average.
The immediate resistance is the September 18 high of 211.28, followed by the 50-day Simple Moving Average.
The pair is in a bullish trend, having extended its rally for the third straight day.
The British Pound/Japanese Yen cross pair extended its winning streak to three consecutive sessions, climbing 0.16% to trade at 210.93. Market participants are now closely monitoring the September 18 high of 211.28, which serves as the primary resistance level before the 50-day Simple Moving Average.
The next key resistance level for the GBP/JPY pair is the September 18 high of 211.28.
The pair is exhibiting bullish momentum, having extended its rally for three consecutive trading days.