The British Pound retreats against the Japanese Yen, down about 0.24%, as the Yen is poised to end the week on a higher note. GBP/JPY Price Forecast: Technical outlookThe GBP/JPY trades sideways, though slightly tilted to the downside, following an intervention in the FX markets by US and Japanese authorities. This pushed GBP/JPY to the day's low of 211.47, slightly below the 200-day SMA of 211.91, but buyers reclaimed the latter and surpassed 212.00. In the event of further losses, the first GBP/JPY support is 212.00. GBP/JPY Price Chart – DailyGBP/JPY daily chart