The currency pair rises 0.72% to 216.73, nearing a key resistance level at 217.00 amid improved technical indicators.
The GBP/JPY pair climbed 0.72% to 216.73, marking its highest level in 14 days. Buyers are targeting a breakout above 217.00, which could pave the way for a retest of mid-July highs near 219.61.
The rally follows a breach of the previous week’s high at 216.22, with momentum indicators like the Relative Strength Index (RSI) turning more favorable. Support levels include the 50-day Simple Moving Average at 215.60 and the 100-day SMA at 214.81.
Technical resistance stands at 217.00, with further upside potential toward 218.69 and 219.61 if the pair sustains its gains.