0223 GMT - GBP/JPY may extend its uptrend, though gains could be capped below 201.00 in the near-term, based on a technical chart, StoneX's Matt Simpson says in commentary. The currency pair's daily close above the psychologically important 200.00 level on Monday signals potential for further upside, the senior market analyst says. However, GBP/JPY's sharp four-session rise could prove to be a "sucker punch" for bulls, unless momentum quickens further, he says. Given the daily relative strength index indicator is now in overbought territory, GBP/JPY could see one last push higher before a corrective pullback below 200.00, Simpson adds. GBP/JPY is little changed at 200.41. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
September 15, 2025 22:23 ET (02:23 GMT)
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