{
  "id": 279347,
  "title": "GBP/JPY Price Forecast: Rebound holds above 200-day SMA",
  "url": "https://urgent.news/2026/08/07/gbp-jpy-price-forecast-rebound-holds-above-200-day-sma",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-07T20:03:53.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/gbp-jpy-price-forecast-rebound-holds-above-200-day-sma-202608072003"
  },
  "original_language": "en",
  "account": "The British Pound (GBP) exhibited a retreat against the Japanese Yen (JPY), decreasing by approximately 0.24% during the week. Despite this overall downward trend, GBP/JPY is projected to conclude the trading week with only modest gains, settling at 212.64. Throughout the day, GBP/JPY has experienced a sideways movement, marginally skewed towards the downside, following an intervention by US and Japanese authorities in the foreign exchange markets. Notably, following the release of weak US jobs data, Japanese Finance Minister Katayama concurred with US Treasury Secretary Scott Bessent that foreign exchange markets had been influenced more by market movements rather than underlying economic fundamentals. This concurrence led to a drop in GBP/JPY to its lowest point of the day, 211.47, slightly below the 200-day Simple Moving Average (SMA) of 211.91. However, buyers managed to push GBP/JPY above 212.00, after which it is expected to close Friday's session near the highs. Nevertheless, the pair will encounter resistance at the 100-day SMA of 214.48, followed by the 50-day SMA at 215.42. In case of further declines, the first support level for GBP/JPY is 212.00, with additional support at the 200-day SMA of 211.91, then at 211.00, and finally at the August 3 low of 209.58. The table below illustrates the percentage changes of the Japanese Yen (JPY) against various major currencies throughout the week, highlighting that the Yen was the strongest against the British Pound.",
  "summary": "The British Pound retreats against the Japanese Yen, down about 0.24%, as the Yen is poised to end the week on a higher note. However, GBP/JPY is poised to finish the week with minimal gains, trading at 212.64.",
  "key_points": [
    "GBP/JPY retreats 0.24% during week",
    "Japanese Finance Minister Katayama agrees with US Treasury Secretary on forex influence",
    "Buyers push GBP/JPY above 212.00, targeting 214.48 resistance"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "USD/JPY Price Forecast: Consolidates near 158.55/38.2% Fibo. before the next leg up",
        "url": "https://urgent.news/2026/08/07/usd-jpy-price-forecast-consolidates-near-158-55-38-2-fibo-before-the",
        "published": "2026-08-07T05:11:15.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}