Research preview

Technical read GBPJPY trades near 218.24200 with lower highs and lower lows H1 structure, lower highs and lower lows H4 structure and a bullish daily trend. The first useful support band is 218.18500/218.13500/218.09100, while the topside decision band is 218.29500/218.33500/218.37600. H1 RSI is 62.9 and stochastic is 62.6/79.9, so the report should treat momentum as balanced rather than forcing a one-line call. H1 EMA20/EMA50 are 218.28208/218.32152, with MA50/100/200 at 218.33604/218.53033/217.93279. D1 EMA20/EMA50/MA200 are 217.21443/215.56459/210.48872. No fresh 20/50 EMA crossover is active. A/D points to distribution on H1 and accumulation on D1. Treat this as confirmation, because tick volume is directional pressure rather than exchange volume. H1 RSI is 62.9 and...