Today's GBP to JPY Price Update

Summary

This report provides the real-time exchange rate between the British Pound (GBP) and Japanese Yen (JPY), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The British Pound (GBP) is one of the world’s major fiat currencies, while the Japanese Yen (JPY) serves as a key safe-haven currency in global foreign exchange markets. The exchange rate between them reflects market sentiment regarding economic conditions in both the UK and Japan, as well as broader shifts in risk appetite and currency valuations.

Today’s Price

• 1 GBP = 213.05 JPY
• 24h High: 213.1128 JPY
• 24h Low: 212.5686 JPY

Market Analysis

Recently, GBP/JPY has demonstrated a bullish trend with the pair testing key technical levels. The rally has resumed by breaking through the 211.57 temporary top, with intraday bias remaining on the upside.

• Technical levels: Key support at 210.48 JPY and 205.30 JPY; resistance targets at 211.98 JPY (61.8% projection) and 219.99 JPY (100% projection)
• Risk note: A decisive break below 210.48 support could signal a short-term top formation and trigger deeper pullbacks. Break of 205.30 support would indicate medium-term topping
• Trading opportunities: Watch for continuation plays above 211.98 JPY targeting the 219.99 projection level; monitor support holds at key levels for potential reversal entries

Conclusion

Continue monitoring the GBP/JPY pair closely, integrating technical support and resistance levels with broader market sentiment. Traders should remain alert to key breakout levels and use pivot points to identify potential entry and exit zones for optimal risk-reward positioning.