{
  "id": 8199091,
  "title": "GBP/JPY Price Forecast: Rallies to two-week top, above 210.50 amid post-BoJ JPY selloff",
  "url": "https://urgent.news/2026/09/18/gbp-jpy-price-forecast-rallies-to-two-week-top-above-210-50-amid-post",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T07:44:29.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/gbp-jpy-price-forecast-rallies-to-two-week-top-above-21050-amid-post-boj-jpy-selloff-202609180744"
  },
  "original_language": "en",
  "account": "The GBP/JPY currency pair has surged to a nearly two-week high, surpassing the 210.50 mark during the early European session on Friday. Japanese Yen (JPY) experienced a notable decline following the release of data indicating that Japan's National Consumer Price Index (CPI) remained unchanged in August, and core inflation stayed below the Bank of Japan's (BoJ) 2% annual target. This JPY depreciation was further fueled by the Bank of Japan's surprise dovish rate hike to a 31-year high.\n\nThe British Pound (GBP) benefited from expectations of a potential Bank of England (BoE) rate hike, thereby adding strength to the GBP/JPY pair. From a technical standpoint, the GBP/JPY now appears to have gained traction above the 23.6% Fibonacci retracement level of the August-September decline. The Relative Strength Index (RSI) at 66.53 is nearing overbought territory on the 4-hour chart, while the Moving Average Convergence Divergence (MACD) is also situated above the signal line, indicating improving momentum.\n\nHowever, a potential rally in GBP/JPY may encounter resistance near the 100-period Exponential Moving Average (EMA) on the 4-hour chart, currently at 210.71. This is followed by clustered Fibonacci resistances at the 38.2% retracement level of 211.06, which may constrain the pair's upside near-term despite the recent gains. Despite this, a sustained upward move could propel the pair towards the 50.0% Fibonacci level of 212.29, with additional retracements targeting 213.51, 215.26, and 217.48.\n\nOn the downside, immediate support can be found at the 23.6% Fibonacci retracement level at 209.54, with a deeper structural support at 207.09. A sustained break below these levels could open the door for a broader corrective slide.",
  "summary": "The GBP/JPY cross builds on its strong intraday rally and climbs to a nearly two-week top, above mid-210.00s during the early European session on Friday. Spot prices now seem poised to register gains for the first time in three weeks.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Silver Price Forecast: XAG/USD rises to near $66.00 as US-10 year yield slides",
        "url": "https://urgent.news/2026/09/18/silver-price-forecast-xag-usd-rises-to-near-66-00-as-us-10-year-yield",
        "published": "2026-09-18T02:59:29.000Z"
      }
    ]
  },
  "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."
}