GBP/JPY Price Forecast: 200-day SMA holds as downside risk...

GBP/JPY Price Forecast: 200-day SMA holds as downside risks linger

Published Aug 06, 2026 8:15 AM Last refreshed Aug 06, 2026 9:00 AM Source: EODHD Event Time: Aug 06, 2026 8:15 AM

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GBP/JPY Price Forecast: 200-day SMA holds as downside risks linger

Source: EODHD - https://www.fxstreet.com/news/gbp-jpy-price-forecast-200-day-sma-holds-as-downside-risks-linger-202608061215
Published: Aug 06, 2026 8:15 AM

GBP/JPY trades in a narrow range on Thursday, with the British Pound (GBP) modestly outperforming the Japanese Yen (JPY). The Yen stays on the back foot for a third consecutive day, reversing part of the intervention-driven rally that briefly sent GBP/JPY below 210.00 at the start of the week.

Market context: This update is relevant to GBP traders, with GBPJPY as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.