GBP/JPY Falls 1.53% as Selling Pressure Dominates Session

The Pound Sterling against the Japanese Yen (GBP/JPY) fell by 1.53% in a session dominated by heavy selling pressure and downside momentum.

The decline was limited by persistent oversold readings and proximity to key technical support levels, with the current price at ¥211.57.

Analysts noted that GBP/JPY was experiencing sustained weakness despite oversold momentum, with mixed signals from momentum indicators such as the MACD and ADX.

The expected five-day price range is ¥209.09 to ¥212.43, with a 65% probability of a downward move and key downside risk below ¥209.09.