GBPJPY |UK Political Uncertainty Weighs on Sterling (21.07.2026)
GBPJPY has broken below its rising trendline after failing to sustain momentum above the breakout structure, suggesting bullish exhaustion on the M30 timeframe. Price rejected from a key resistance cluster and is now trading below the trendline, increasing the probability of a move toward lower support levels. As long as price remains below the resistance zone, sellers may continue targeting the next demand areas while traders monitor upcoming UK and Japan macro catalysts.(SELL)
🔴 1st Support : 217.310
🔴 2nd Support : 216.669
🟢 Resistance Zone : 218.631 – 218.932
⚠️ Disclaimer : This analysis is for educational purposes only.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.