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2025-09-16 10:26:49
[GBP/JPY may continue its upward trend, but gains may be limited] 1. Matt Simpson of StoneX said in a commentary that based on technical charts, GBP/JPY may continue its upward trend, but gains may be limited below 201.00 in the short term. The senior market analyst said that the currency pair closed above the psychologically important level of 200.00 on Monday, indicating the potential for further upside. However, he said that the sharp rise in GBP/JPY for four consecutive trading days may be a "surprise blow" to bulls unless the upward momentum accelerates further. 2. Simpson added that given that the daily relative strength index indicator has now entered the overbought area, GBP/JPY may see one last wave of gains before a corrective pullback and a drop below 200.00. GBP/JPY was basically flat at 200.41 yen
