Can GBP/JPY avoid deeper losses as seller pressure persists?

Traders Union
All News
Currency
Pound Sterling vs Yen down 0.55% today

Highlights

GBP/JPY is trading below key moving averages, reinforcing sustained selling pressure across all timeframes.
Momentum and intraday indicators consistently show a strong seller bias, with no clear overbought or oversold conditions.
Price is currently ¥207.83, with a projected 2 to 3 day range of ¥206.79 to ¥208.87 and a very high probability of further downside.

Layered resistance builds as several indicators reinforce seller control

On the hourly chart, GBP/JPY trades below the MA-20, MA-50, and MA-200, marking sequential resistance levels across short, medium, and long-term horizons. The Ichimoku Kijun serves as the nearest key resistance at ¥208.76. MACD currently signals strong sell, while ADX also points to selling pressure. RSI stands at 45.34, suggesting a mild sell bias but no oversold condition; Stoch RSI and CCI are neutral. Bull/Bear Power highlights seller dominance intraday, while the Awesome Oscillator likewise signals selling activity.

Downside bias persists as recovery looks unlikely in narrow band

Over the next 2–3 trading days, GBP/JPY is expected to remain in a volatility band between ¥206.79 and ¥208.87. The probability of a move higher is very low, with a much greater likelihood of continued downside, while a swift recovery appears significantly less likely. Baseline expectation is for sideways trading within this range, though a break above the Ichimoku Kijun would open a bullish scenario, while a break below support at ¥206.79 would extend the decline further.

Viktoras Karapetjanc, expert at Traders Union, notes that GBP/JPY remains under pressure below its moving averages, with technical indicators favoring sellers in the short term. He sees the pair drifting sideways between ¥206.79 and ¥208.87, with little upside potential in the immediate future. The absence of fresh news keeps market sentiment flat, reinforcing a wait-and-see approach. Karapetjanc believes any bounce will likely be capped by strong resistance at the Ichimoku Kijun. "As long as sellers dominate and no new drivers emerge, I expect GBP/JPY to stay range-bound near current levels."

Earlier, analysts noted that GBP/JPY remained under sustained bearish pressure driven by technical factors across multiple timeframes. The current analysis confirms this prevailing downside bias, with the critical area to monitor now being a potential break below ¥206.79, which could accelerate further weakness.

Source of Data: GBP Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.