The currency pair climbed 0.72% to 216.90, approaching a key resistance level that could trigger further gains.
The GBP/JPY pair rose 0.72% to 216.90, marking its highest level in 14 days. Buyers are targeting a breakout above 217.00, which may pave the way for a retest of mid-July’s yearly highs.
The pair traded at 216.73 after recovering from a daily low, reflecting sustained upward momentum. Analysts note that a confirmed breakout could attract additional buying interest, reinforcing the bullish trend.
No immediate market reaction data was provided, but the move aligns with broader risk sentiment in currency markets.