GBP/JPY Price Forecast: Surges to weekly high as Pound strengthens

GBP/JPY hits 213.98, marking a new weekly high amid strong buying momentum.

Technical outlook remains bullish, with resistance at 214.29 and 215.00 in sight.

Bearish reversal possible if price drops below 212.04 and 210.71 support levels.

The GBP/JPY rallies to a new weekly high of 213.98, up by more than 1.10% in the week, as mixed economic data from the UK, pushed the British Pound higher. Fiscal concerns on PM Takaichi’s plan, undermined the Japanese Yen. The cross-pair trades at 213.85, up 0.58%