GBP/JPY Price Forecast: Bulls reclaim 218.00 as RSI improv...

GBP/JPY Price Forecast: Bulls reclaim 218.00 as RSI improves

Published Jul 29, 2026 7:12 PM Last refreshed Jul 29, 2026 9:00 PM Source: EODHD Event Time: Jul 29, 2026 7:12 PM

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GBP/JPY Price Forecast: Bulls reclaim 218.00 as RSI improves

Source: EODHD - https://www.fxstreet.com/news/gbp-jpy-price-forecast-bulls-reclaim-21800-as-rsi-improves-202607292312
Published: Jul 29, 2026 7:12 PM

The GBP/JPY advances by over 0.30%, rising above 218.00, as risk appetite improves amid overall US Dollar weakness following the Federal Reserve's monetary policy decision. The pair trades near 218.50 after hitting a low of the day (LOD) of 217.16.

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.