The currency pair holds above 218 for a third session, supported by a bullish chart pattern amid intervention concerns.
The GBP/JPY pair remains steady at 218.17, marking its third consecutive day of consolidation above the 218 level. A bullish harami pattern on the charts suggests potential upside momentum, with traders eyeing a breakout toward 219.
Recent sessions have seen limited volatility, though intervention risks by Japanese authorities continue to weigh on the cross. The pair’s resilience near 218 reflects cautious optimism among buyers, despite broader market uncertainties.
No immediate market reaction was reported, but the technical setup remains under close observation by traders.