Technical Eye (GBP/JPY): No major breakdown, with a gradual move higher likely

The story

The main scenario is expected to be continued range-bound trading from the upper ¥208s to the lower ¥210s, with no major breakdown in sight. The first level to watch is the ¥210 threshold.

If ¥210 is breached to the upside, the pair is expected to test levels including the 11 September high of 211.28, the lower boundary of the Ichimoku Cloud at 212.18, and the upper boundary of the cloud at 213.36.

If the pair turns lower, potential targets include the conversion line at 208.90, the ¥208 threshold, the 30 September low of 206.89, and the 16 December 2025 low of 206.78.

This article presents information based on a MINKABU Technical EYE article.

At a glance

RangeThe pair is expected to continue ranging between ¥208 and ¥210. No major breakdown is expected.

Upside hurdleIf ¥210 is breached, the pair could test 211.28, 212.18 and 213.36.

Downside targets208.90, 208, 206.89 and 206.78 are likely to be the targets.

SourceInformation based on MINKABU's Technical EYE article

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