2025 Week 19 GBP/JPY Weekly Strategy

For the first half of this week, it looks like we’ll keep assuming further upside.
I’m treating the 192 line as a key level and expecting price to aim for 193.3 again from there, so Monday’s price action is the thing to watch.

That said, I don’t feel this is an environment where price will just keep climbing.
The weekly chart is turning down, so a drop from around these prices would be a natural move.
That means we could also see a scenario where the daily chart forms a double top with lower highs, followed by a decline in the second half of the week.

There may be a gap at Monday’s open, but as of Friday’s close the 4-hour chart is a buy, the 1-hour a sell and the 15-minute a buy, so I recommend waiting and seeing on the initial move.