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    The Pound Sterling rises above 203.00 against the Japanese Yen, targeting 204.25.

    by VT Markets
    /
    Nov 11, 2025
    **The RSI Indicator and Market Performance** Recent updates in financial markets show that New Zealand’s two-year inflation expectations stand at 2.28%. Additionally, we are seeing changes in major currencies like the Australian Dollar and Chinese Yuan. Movements in commodities such as WTI and the USD/CNY exchange rate also reflect larger financial trends. **Bullish Signals and Trading Strategy** The GBP/JPY has risen above the 203.00 level, which indicates a strong bullish signal. The previous resistance at the 20-day moving average of 202.37 now acts as important support for any slight pullbacks. Our immediate targets are the high of 204.24 from October 27th and the year-to-date peak of approximately 205.32. Given this upward momentum, we should think about buying call options to take advantage of potential gains in the next few weeks. Traders might consider December or January contracts with strike prices at 204.50 or even 205.00. This approach allows for upside participation while limiting the risk to the premium paid for the options. To protect against a market reversal, it’s important to keep a close eye on the 202.00 level. If it drops below this point, it would suggest that bullish momentum is weakening, making put options a good protective strategy. We could use strike prices like 201.50 to safeguard against a decline toward the 50-day moving average. Create your live VT Markets account and start trading now.

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