GBPJPY - BULLISH CONTINUATION OR REVERSAL?

Nov 17, 2025

Symbol - GBPJPY

GBPJPY has broken the structure of the local downtrend amid persistent weakness in the Japanese yen. This shift opens the possibility for a continuation of the broader bullish trend.

The yen continues to depreciate, while the British pound maintains its upward trajectory. A breakout above local trend resistance is developing, reinforcing the overarching bullish market structure. The key support zone remains 203.50–203.26 Sustained consolidation above this zone would confirm buyer strength and could provide the foundation for further upside. If bulls successfully defend 203.50, an extension of the rally becomes increasingly likely.

Resistance levels: 204.06, 205.32
Support levels: 203.52, 203.26

A strong battle between buyers and sellers is unfolding around the 203.50 zone. Ongoing consolidation above 203.00 highlights the significance of this area. The current bias remains focused on the bulls, maintaining price action above 203.50 would support continued growth, while failure to hold this zone could lead to a corrective move back toward support for a retest.

Nov 20, 2025

Trade closed: target reached

Target has been reached.
+200 pips profit.