DAILY ANALYSIS

Traders can follow economic events or news which may affect the trend of this pair, to adjust on trade position.

DAILY GBP/JPY

Support & Resistance: R1: 155.9
From the daily chart, the price has broken the support level, and it indicates a trend reversal.

H4 GBP/JPY

Support & Resistance: R1: 155.9
From the H4 chart, the price is going into a downtrend, traders can trade short positions when the price is retesting the resistance level.