GBP/JPY Clears From 215.346 as Pressure Builds

Research preview

Research Desk View GBPJPY is trading near 215.230 with a level-sensitive, with momentum and macro risk both important profile; the setup now depends on whether buyers or sellers can defend the first decision band. Price is trading below the daily pivot at 215.350, which leaves the first read vulnerable unless the pivot is reclaimed. The working support band is 215.132 / 215.054 / 214.949, while the resistance band is 215.346 / 215.457 / 215.548. Daily R1 at 215.875 and S1 at 214.684 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 215.783, the...