GBP/JPY Struggles to Break Above 215.50 Resistance
The GBP/JPY currency pair is struggling to break above its 50-day Simple Moving Average (SMA), currently at around 215.50.
This resistance level is closely watched by traders, as a breach above it could pave the way for further gains towards the 216.00 mark and beyond.
However, if the pair fails to overcome this hurdle, support levels come into play, with the first key level at 215.00, followed by the 100-day SMA at 214.53.