GBP/JPY Buyers Into 218.410

Research preview

Executive Market Read GBPJPY is trading near 218.327 with a balanced enough to require discipline around entries profile; the key issue is not the first move, but whether the next close confirms follow-through. Price is holding above the daily pivot at 218.059, which keeps the first read tilted toward resistance pressure rather than support repair. The working support band is 218.246 / 218.168 / 218.095, while the resistance band is 218.410 / 218.483 / 218.557. Daily R1 at 218.963 and S1 at 217.561 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 218.640,...