GBP/JPY Targets Into 216.155 as Levels Matter

Research preview

Desk Interpretation GBPJPY is trading near 216.071 with a directional but not yet free of two-way risk profile; the market is asking whether the latest move has enough acceptance to become continuation. Price is holding above the daily pivot at 215.462, which keeps the first read tilted toward resistance pressure rather than support repair. The working support band is 215.921 / 215.853 / 215.808, while the resistance band is 216.155 / 216.283 / 216.766. Daily R1 at 216.052 and S1 at 215.030 define the first tactical range. Internal models have flipped from Buy to Strong Buy for GBP/JPY. The shift puts upside continuation in focus, with price near 216.050, the...