GBPJPY analysis

In our latest market color session, we broke down the Yen basket, highlighting a key retracement level at 199.422 on GBP/JPY and a premium sell zone on EUR/JPY. We’re watching for rejection patterns like Dojis, engulfing candles, or evening star setups on the 5-minute and 15-minute charts before taking entries. To manage risk, we recommend splitting positions across both pairs while replicating chart markups to sharpen analysis skills. Traders are also invited to join our upcoming FX Bootcamp training to learn how to apply these strategies live.