The GBP/JPY lost its shine as demand for safe-haven increased. It hit an intraday low of 193.74 and is currently trading around 194.24. Intraday trend is bearish as long as resistance 194.95 holds.
After Israel attacked Iran big on June 13, 2025, people with money around the world got worried. They started buying things seen as safe, like gold, because they were scared about what might happen next in the Middle East. This shows that when things get tense between countries, investors get nervous and look for safe places to put their money.
The GBP/JPY pair is trading below 34 and 55 and 200 EMA (Short-term) and 365 EMA (long-term) on the 1-hour chart, confirming a bearish trend. Any violation below 193.70 indicates the intraday trend is weak. A dip to 193/192.85/192/191.70/191 /190 is possible. Immediate resistance is at 195, a breach above this level targets of 196/196.50/198/200. Any major uptrend is possible only above 196.50.
Market Indicators (1- hour)
CCI (50)- Bearish
Directional movement index - Neutral
Trading Strategy: sell on rallies
It Is good to sell on rallies 195.48-50 with SL around 196.50 for a TP of 192.
