DETAIL

GBPJPY Analysis Today, June 24, 2025: Expected to Weaken in the Short Term, Supported by Double Top Pattern

The GBP/JPY currency pair is currently showing signs of short-term weakness. This bearish outlook is supported by the formation of a double top chart pattern, a commonly observed signal for potential trend reversals to the downside.

In addition, the appearance of a swing high formation suggests that the recent upward move may be losing momentum, increasing the probability of a price decline in the near term.

Recommendation:

  • Sell GBP/JPY
  • Entry: 197.250
  • Take Profit 1: 196.850
  • Take Profit 2: 196.450
  • Stop Loss: 197.650

*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.

Trading is safer and more comfortable with Maxco