GBP/JPY Price Outlook: Bulls Push Beyond 195.00 as Momentum Builds

GBP/JPY Price Outlook: Bulls Push Beyond 195.00 as Momentum Builds

The GBP/JPY pair has extended its bullish momentum into Friday, climbing past the 195.00 mark and currently trading near 195.20. The British Pound (GBP) continues to outperform the Japanese Yen (JPY), buoyed by sustained risk sentiment and technical tailwinds.

Technical Breakout and Momentum Indicators

The pair broke above its 20-day Simple Moving Average (SMA), which now offers dynamic support around 194.21. This development aligns with improved sentiment among buyers, signaling that near-term control remains with the bulls.

Moreover, the Relative Strength Index (RSI) is trending toward 60, suggesting that while the market is not overbought, it has strong momentum supporting continued upside. Should this buying strength persist, the pair may soon retest 196.00.

Key Resistance Level at 195.29

GBP/JPY is approaching a critical resistance level at 195.29, coinciding with the 78.6% Fibonacci retracement of the January–April decline. This zone has previously halted several bullish attempts and remains a significant technical hurdle.

A clean breakout above 195.29 would confirm renewed upside strength and open the door for a move toward 196.00 and beyond. Until then, price action may remain capped, with minor pullbacks providing buying opportunities.

Support and Resistance Levels

• Immediate resistance: 195.29
• Next target: 196.00
• Support: 194.21 (20-day SMA), followed by 193.50

Conclusion: Bulls in Control, But Resistance is Key

With bullish momentum strengthening and technical indicators aligning, the GBP/JPY outlook remains positive, as long as price sustains above the 195.00 handle. A decisive break above 195.29 could unleash a fresh wave of buying toward higher targets, while failure to do so may prompt short-term consolidation.

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