The GBPJPY remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 210.80 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 210.80 would confirm ongoing upside momentum, with potential targets at:
213.30 – initial resistance
214.40 – psychological and structural level
215.50 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 210.80 would weaken the bullish outlook and suggest deeper downside risk toward:
210.10 – minor support
209.30 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the GBPJPY holds above 210.80. A sustained break below this level could shift momentum to the downside in the short term.
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