Current outlook · 17–24 Oct 2026
GBP/JPY has a neutral weekly bias: consecutive higher D1 closes and positive momentum are constructive, but the neutral daily trend and falling longer-average slopes keep the bullish H4 backdrop from resolving the thesis.
Read full forecastBrowse earlier GBP/JPY outlooks and analysis.
GBP/JPY (GBPJPY) continues to show a bearish bias on the H4 chart, holding below the middle Bollinger Band with a negative MACD of -0.827 and an RSI of 36.17. Price action remains bounded between immediate support at 212.321 and resistance at 218.803.
The GBPJPY pair, on the 4-hour chart, presents some compelling technical signals. The MACD line, currently at 0.0213, has surged above its signal line which is at 0.127, indicating potential bullish momentum. Supporting this view, the MACD histogram also reflects an ascent…
