Bulls might find resistance at the 209.65 area
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The Pound (GBP) is trimming losses against the Japanese Yen (JPY) on Friday, with the pair returning above 209.00 after bouncing at nearly two-week lows at 207.60. The broader trend, however, remains bearish, following a nearly 3% decline in the previous four days, and the resistance area at 209.65 is likely to challenge bulls. The Yen corrects lower on Friday, but remains the strongest performer among the G8 currencies this week. The Japanese currency surged following the historic victory of Prime Minister Sanae Takaichi in last weekend’s elections, while the Pound struggled amid the weak UK Gross Domestic Product figures released on Thursday. Technical Analysis The 4-hour chart shows the GBP/JPY bouncing up amid an easing bearish momentum. The Moving Average Convergence Divergence (MACD) has flipped into positive territory, and the Relative Strength Index (RSI) sits at 43.53, below the 50 midline, suggesting recovering but still subdued momentum. Bulls are likely to meet important resistance at the 209.65 area, which is the neckline of the January 23, February 4 Double Top, right below 215.00. Further up, the next target is the February 6 low, near 211.60. Supports are at Thursday’s low of 207.57 and the mid-December lows near 206.80. The Double Top’s measured target is the November 21 low, at 204.30. (The technical analysis of this story was written with the help of an AI tool.) Japanese Yen Price This week The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies this week. Japanese Yen was the strongest against the US Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.41% -0.24% -2.52% -0.51% -0.95% -0.43% -0.98% EUR 0.41% 0.18% -2.19% -0.11% -0.54% -0.03% -0.58% GBP 0.24% -0.18% -2.05% -0.28% -0.72% -0.20% -0.75% JPY 2.52% 2.19% 2.05% 2.12% 1.66% 2.21% 1.52% CAD 0.51% 0.11%…
Filed under: News - @ February 13, 2026 10:27 am