TRENDING:

GBP/USD

XAU/USD

GBP/JPY Price Analysis: Struggles at 164.00, back beneath 163.50

GBP/JPY is about to finish the week almost flat.
A multi-month downslope resistance trendline has held the GBP/JPY from re-testing YTD highs.
GBP/JPY Price Analysis: Failure to crack 164.00 can pave the way for further downside.

Christian Borjon Valencia FXStreet

The GBP/JPY was rejected around 163.90s, dropping towards the mid 163.00-164.00 range as the Asian Pacific session is about to begin. A risk-off impulse in the FX space spurred a flight to safe-haven peers, like the Japanese Yen (JPY). At the time of typing, the GBP/JPY exchanges hands at 163.30.

GBP/JPY Price Action

After peaking in the week around 166.00, the GBP/JPY lost traction and extended its losses below 164.00, but the bias is still neutral to upwards. The 20-day Exponential Moving Average (EMA) at 162.00 is aiming north, 16 pips shy of the 100-day EMA. Once cleared, the GBP/JPY could continue to aim higher, but it is facing solid resistance at a five-month-old downslope resistance trendline at around 164.00.

The GBP/JPY needs to crack the trendline for a bullish continuation. Achievement of that, the GBP/JPY next resistance would be the psychological 165.00 figure, followed by the YTD high at 166.00.

Conversely, the GBP/JPY first support would be an upslope trendline drawn from mid-February. A breach of the latter will expose the 100-day Exponential Moving Average (EMA) at 162.16, followed by the 20-day EMA at 162.00.

GBP/JPY Daily chart

GBP/JPY Technical levels

GBP/JPY

Overview
Today last price	163.35
Today Daily Change	-0.32
Today Daily Change %	-0.20
Today daily open	163.67

Trends
Daily SMA20	160.97
Daily SMA50	160.19
Daily SMA100	163.64
Daily SMA200	163.41

Levels
Previous Daily High	164.51
Previous Daily Low	162.87
Previous Weekly High	163.76
Previous Weekly Low	161.17
Previous Monthly High	166.01
Previous Monthly Low	156.73
Daily Fibonacci 38.2%	163.5
Daily Fibonacci 61.8%	163.89
Daily Pivot Point S1	162.85
Daily Pivot Point S2	162.04
Daily Pivot Point S3	161.21
Daily Pivot Point R1	164.5
Daily Pivot Point R2	165.33
Daily Pivot Point R3	166.15

Author

Christian Borjon Valencia

FXStreet

Christian Borjon began his career as a retail trader in 2010, mainly focused on technical analysis and strategies around it. He started as a swing trader, as he used to work in another industry unrelated to the financial markets.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD ticks lower following the release of FOMC Minutes

The US Dollar found some near-term demand following the release of the FOMC meeting minutes, with the EUR/USD pair currently piercing the 1.1750 threshold. The document showed officials are still willing to trim interest rates. Meanwhile, thinned holiday trading keeps major pairs confined to familiar levels.

GBP/USD remains sub- 1.3500, remains in the red

The GBP/USD lost traction early in the American session, maintaining the sour tone and trading around 1.3460 following the release of the FOMC meeting minutes. Trading conditions remain thin ahead of the New Year holiday, limiting the pair's volatility.

Gold stable above $4,350 as the year comes to an end

Gold price got to recover some modest ground on Tuesday, holding on to intraday gains and changing hands at $4,360 a troy ounce in the American afternoon. The bright metal showed no reaction to the release of the FOMC December meeting minutes.

Ethereum: ETH holds above $2,900 despite rising selling activity

Ethereum (ETH) held the $2,900 level despite seeing increased selling pressure over the past week. The Exchange Netflow metric showed deposits outweighed withdrawals by about 400K ETH. The high value suggests rising selling activity amid the holiday season.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).