GBP/JPY Upside Above 216.794 with Confirmation Needed

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GBP/JPY Upside Above 216.794 with Confirmation Needed

Research preview

GBPJPY Pivot And Support Resistance Levels The pivot map is the main execution framework for this report. GBPJPY is mapped against a daily pivot at 216.440, with first resistance near 216.803 and first support near 216.039. The weekly pivot sits at 216.835, with weekly R1 at 217.424 and weekly S1 at 216.203, giving the session a wider support and resistance framework. Map PP R1 R2 R3 S1 S2 S3 Daily pivot 216.440 216.803 217.204 217.567 216.039 215.676 215.275 Weekly pivot 216.835 217.424 218.056 218.645 216.203 215.614 214.982 Pivot conclusion: GBPJPY is above the daily pivot, so the first quality test is whether price can hold through a retest and then...

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