The GBP/JPY pair is currently trading near a crucial support level around 202.00. This level is important as it has shown to be a key area of interest for traders in the past. If the pair breaks below this support level, it could indicate further downside potential. Traders will be closely watching to see if the pair can hold above this level or if it will continue to decline. It is important to monitor price action closely in order to determine the next potential move for the GBP/JPY pair.