Fri, Apr 24, 2026 02:48 GMT
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    GBP/JPY Daily Outlook

    ActionForex
    By ActionForex

    Daily Pivots: (S1) 186.77; (P) 187.21; (R1) 187.91; More…

    Intraday bias in GBP/JPY stays neutral at this point, and consolidation from 188.90 could extend. Further rally is expected as long as 186.14 support holds. Break of 188.90, and sustained trading above 188.63, will confirm up trend resumption. Next target is 38.2% projection of 155.33 to 188.63 from 178.32 at 191.04. However, break of 186.14 will turn bias to the downside for deeper pullback.

    In the bigger picture, up trend from 123.94 (2020 low) in in progress. Medium term outlook will stay bullish as long as 178.32 support holds. Next target is 195.86 long term resistance (2015 high).

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