Skip to content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
GBP/JPY Technical Analysis: Waiting to Re-Enter Short

GBP/JPY Technical Analysis: Waiting to Re-Enter Short

Ilya Spivak, Head Strategist, APAC

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points:

  • GBP/JPY Technical Strategy: Flat
  • Support: 191.79, 190.20, 188.92
  • Resistance: 194.33, 195.87, 197.57

The British Pound may be resuming its down trend against the Japanese Yen after finding resistance above the 194.00 figure. A daily close below the 23.6% Fibonacci expansion at 191.79 exposes the 38.2% level at 190.20. Alternatively, a move above the July 17 high at 194.33 clears the way for a test of the June 24 top at 195.87.

We entered short GBPJPY at 192.83 and have since booked profit on half of the position. The rest of the trade has since closed at the breakeven level. From here, we will look for a new opportunity to re-enter short once a compelling setup presents itself.

Add these technical levels directly to your charts with our Support/Resistance Wizard app!

GBP/JPY Technical Analysis: Waiting to Re-Enter Short

--- Written by Ilya Spivak, Currency Strategist for

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.