GBP/JPY Price Forecast: Bulls reclaim 50-day SMA, eye 217.00

The GBP/JPY cross-pair is poised to finish Monday’s session with gains of over 0.14% as traders prepare for the beginning of Tuesday’s Asian session. The cross-pair has climbed above the 50-day Simple Moving Average (SMA) at 215.52, often seen as a breakout that opens the door to further upside.