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Yen Meltdown Pushes GBP/JPY to Fresh 2026 High – Buy the 211.50 Dip for 214?

On board-based yen weakness, GBPJPY reaches a new year high. The intraday trend is positive as long as support 210 remains. As of publishing, it is trading around 212.21; its intraday high is 212.38.

Oscillators and moving averages to forecast the trend of GBPJPY

 

CMP- 212.193

 

EMA (1- hour chart)

 

55-EMA- 211.51

 

200-EMA- 211.08


365-EMA- 210.47. The pair trades below the short (55- EMA) and above long-term moving average(365 EMA and below 200 EMA).

 

Major Support- 211.50. Any breach below will drag the pair down 211/210.54/209.70/209/208.60/207.95/207.20/206.75.

 

Major resistance - 212.50.  Any break above confirms minor bullishness, a jump to 213/214/215.18 is possible.

Indicator (4-hour chart)

 CCI (50)-  Bearish

Average directional movement Index-  Bearish. All indicators confirm a bearish trend.

 

It is good to buy on dips around 211.50 with SL around 210.50 for a TP of 214.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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