GBP/JPY Drops to 10-Day Low Below 212.00 as Downtrend Extends

The British Pound falls for a third session against the Japanese Yen, breaching key support levels amid sustained selling pressure. The GBP/JPY cross extended its decline for a second straight day, reaching a 10-day low below the 212.00 mark during Asian trading. The pair

The British Pound falls for a third session against the Japanese Yen, breaching key support levels amid sustained selling pressure.

The GBP/JPY cross extended its decline for a second straight day, reaching a 10-day low below the 212.00 mark during Asian trading. The pair has now fallen for three of the last four sessions, reflecting persistent downward momentum.

Prior to this drop, GBP/JPY had struggled to hold above its 100-day simple moving average, a key technical level. The breach of 212.00 follows a broader pullback in risk-sensitive currencies, with traders monitoring support near 211.50.

Market reaction remained muted in early trade, though further losses could accelerate if selling pressure intensifies below current levels.

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