Research preview

Opening Read GBPJPY is trading near 215.230 with a active, with the first reaction less important than the retest profile; the immediate question is whether price is building acceptance or merely reacting inside the existing range. Price is trading below the daily pivot at 216.822, 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 217.191 and S1 at 216.538 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...