GBPJPY Currency Pair Analysis for September 16, 2026

Currency pair analysis based on modified wave analysis, Fibonacci levels, and price channels.

September 16, 2026

GBPJPY

The trend is bearish. The currency pair is trading between the 365 EMA and the 135 EMA. The Awesome Oscillator shows bearish divergence, while the Stochastic Oscillator indicates overbought conditions. The upward wave pattern is truncated.

Trading idea:

Sell upon the formation of a downward wave pattern where wave (A) breaks the trendline of the truncated upward pattern.

Stop Loss: 209.50 (above the high of the truncated upward pattern).

Target levels: 208.30; 207.41.