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fxJul 14, 2026, 12:26 PM

GBP/JPY Buyers Defend 216.50 as Bullish Trend Continues

GBP/JPY is trading in a narrow range around 217.10 as buyers defend the 216.50 support level, maintaining the bullish trend despite fragile market sentiment due to rising US-Iran tensions and higher oil prices.

GBPJPY

GBP/JPY traded in a narrow range on Tuesday, with the pair hovering near 217.10. Buyers continue to defend the 216.50 support level, keeping the bullish trend intact.

Market sentiment remains fragile amid escalating tensions between the US and Iran, which are pushing oil prices higher. The Japanese Yen (JPY) is broadly under pressure, providing additional support to the cross.

Traders are monitoring geopolitical developments closely for further direction.

Source: FXStreet Forex News