GBP/JPY Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
GBP/JPY is testing a key resistance pivot at 215.80 – 216.00 after recovering from the sharp sell-off down to 209.00, having successfully reclaimed the 20-day Simple Moving Average (214.76). A decisive daily close above 216.00 would confirm bullish continuation toward the major breakdown and supply zone at 218.40 – 219.00, whereas rejection at this level and a fall back below the 20 SMA would signal rally exhaustion and risk a decline toward the 213.60 pivot or the primary support base near 211.50.

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