GBPJPY The Week Ahead 17th Feb 25

The GBPJPY price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 193.45, 50 Day Moving Average level. An oversold rally from the current levels and a bearish rejection from the 193.45 level could target the downside support at 193.45 followed by 189.60 and 188.38 levels over the longer timeframe.

Alternatively, a confirmed breakout above 193.45 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 195.20 resistance followed by 197.30 levels.

This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.