GBPJPY Outlook

Intraday bias in GBP/JPY is turned neutral first with current retreat. On the upside, break of 213.75 will extend the rally from 206.85 to 217.45 resistance. However, firm break of 209.54 will argue that the rebound has completed, and bring retest of 206.85 low instead.

In the bigger picture, price action from 219.56 is seen as correcting the up trend from 184.35 (2025 low). Deeper fall could be seen to 38.2% retracement of 184.35 to 219.56 at 206.10. Strong support is expected from there to bring rebound. However, decisive break will raise the chance of larger trend reversal, and target 61.8% retracement at 197.80.

GBP/JPY's rise from 206.85 is in progress. Intraday bias remains on the upside and further rally should be seen to 217.45 resistance. On the downside, below 211.53 minor support will turn bias neutral again first.

In the bigger picture, price action from 219.56 is seen as correcting the up trend from 184.35 (2025 low). Deeper fall could be seen to 38.2% retracement of 184.35 to 219.56 at 206.10. Strong support is expected from there to bring rebound. However, decisive break will raise the chance of larger trend reversal, and target 61.8% retracement at 197.80.

Intraday bias in GBP/JPY remains on the upside as rise from 206.85 continues. Further rally should be seen to 217.45 resistance. On the downside, below 211.53 minor support will turn bias neutral again first.

In the bigger picture, price action from 219.56 is seen as correcting the up trend from 184.35 (2025 low). Deeper fall could be seen to 38.2% retracement of 184.35 to 219.56 at 206.10. Strong support is expected from there to bring rebound. However, decisive break will raise the chance of larger trend reversal, and target 61.8% retracement at 197.80.