GBPJPY Keeps Recovering, But It’s Approaching Resistance
Jun 26, 2025

GBPJPY

GBPJPY is on the rise, but it’s approaching the upper side of the 2024–2025 range, so there could still be strong resistance around the 200 – 203 area, but it may take some time. Keep in mind that the drop from the 2024 highs down to the July lows at 180 was sharp and impulsive, while the current rebound looks slow and corrective, which is possibly a wave B flat correction. So as soon as wave C of an ABC flat correction in wave (B) fully unfolds, we will have to be aware of another sell-off within wave (C) later this year.

GBPJPY Keeps Recovering, But It's Approaching Resistance GBPJPY Daily Chart
GBPJPY Daily Chart

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