GBP/JPY Consolidates Near 216.00 as Bullish Momentum Stalls
GBP/JPY is little changed on Tuesday around 216.00, trading inside a narrow 215.85–216.22 range as neither side gains control.
GBP/JPY is trading in familiar territory on Tuesday, nearly unchanged around the 216.00 handle. The cross has been seesawing within a 215.85–216.22 range during the session.
Neither buyers nor sellers have managed to push through key resistance or support, leaving the pair without a clear directional break. The failure to clear nearby levels keeps price action contained and choppy.
Momentum indicators reflect the stall. The RSI has flattened after the pair's move toward 216.00, suggesting bullish pressure is fading for now.
With bulls unable to extend gains above the nearby zone, short-term direction remains undecided unless a range break occurs.
Source: FXStreet Forex News