GBP/JPY Forecast: Continues to Show Volatility – 21 October 2025
GBP/JPY consolidates near ¥202 following volatile sessions, with key support at ¥200 and resistance at ¥204–¥205, while the bullish trend and positive carry continue to attract buyers.

GBP/JPY consolidates near ¥202 following volatile sessions, with key support at ¥200 and resistance at ¥204–¥205, while the bullish trend and positive carry continue to attract buyers.
MicroStrategy’s Monday surge lost steam quickly, with technical weakness, fading Bitcoin correlation, and bearish momentum suggesting further declines ahead.
The US Dollar is gaining strongly as the London session open approaches, and we see the price falling with firm momentum.
BTC/USD remains under pressure below key resistance, with technical indicators and macro uncertainty hinting at a possible retest of recent lows near $103K.
The AUD/USD pair is showing bullish momentum after forming a double-bottom pattern, with upcoming US inflation data and China trade talks in focus.
The USD/JPY pair shot to a four-day high after Sanae Takaichi secured majority votes from both the Lower and Upper Houses of parliament to become Japan’s first female Prime Minister.