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fxJul 29, 2026, 11:12 PM

GBP/JPY Bulls Reclaim 218.00 as RSI Improves

GBP/JPY rose above 218.00, gaining over 0.30%, as risk appetite improved following the Fed's decision. The pair trades near 218.50 after hitting a daily low.

GBPJPY

GBP/JPY pushed higher on Wednesday, reclaiming the 218.00 handle with a gain of more than 0.30%. The move came as a fresh wave of risk appetite swept through markets, buoyed by broad US dollar weakness in the wake of the Federal Reserve’s latest monetary policy decision.

The pair bounced from a daily low and was last seen trading around 218.50. An improving RSI on the intraday chart suggests the bullish momentum may have room to run.

Traders will watch for further confirmation above 218.50 to target the next resistance zone.

Source: FXStreet Forex News