GBP/JPY Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
GBP/JPY chart displays a clear ascending channel with price currently pulling back from the upper boundary to trade at 217.260, sitting just above the channel's lower support trendline. A bearish crossover and a negative histogram may confirm a short-term loss of bullish momentum, driving the current decline. If the lower channel trendline holds, the price is positioned to bounce back toward horizontal resistance levels at 217.850 and 218.4000.





A decisive break below this dynamic channel support will invalidate the current uptrend and likely trigger a deeper correction toward the major structural floors at 215.3500 and 213.9850.

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