The GBP/JPY pair is currently trading near a crucial support level around 202.00. This level is significant as it has held up well in recent trading sessions. Traders are closely monitoring this support level to see if it will hold or break.
If the support level at 202.00 is broken, we could see further downside potential for the GBP/JPY pair. On the other hand, if the support level holds, we may see a rebound in the pair.
Overall, the GBP/JPY pair is currently in a critical position, with traders keeping a close eye on the 202.00 support level.