Sun, Apr 05, 2026 00:11 GMT
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    GBP/JPY Daily Outlook

    Daily Pivots: (S1) 151.88; (P) 152.49; (R1) 152.93; More…

    GBP/JPY continues to stay in range below 153.66 and intraday bias remains neutral. On the upside, break of 153.66 will resume medium term up trend. Meanwhile, break of 149.40 support will indicate trend reversal and turn focus to 149.96 for confirmation.

    In the bigger picture, considering bearish divergence condition in daily MACD, the steep fall from 153.66 is now seen as first sign of trend reversal. Focus will turn to 146.96 support. Firm break there will at least confirm medium term topping and target 139.39 support next.

    GBP/JPY 4 Hours Chart

    GBP/JPY Daily Chart

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    ActionForex
    ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was expanded to cover more pairs. In addition to that, Top Movers, Heat Map, Pivot Point Charts and Pivot Meters, Action Bias and Volatility Charts, are tools used by traders from all over the world.

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