GBPJPY Compression = Future Explosion (Downside Ahead?)

[m_c_jacob]

1. Market Context
For the past 6 weeks, GBPJPY has been trapped in a narrow 200-pip range between 200.50 and 198.50. This is unusual for such a volatile pair, and historically, when GBPJPY compresses like this, the eventual breakout tends to be explosive.

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2. Distribution or Accumulation?
In my view, this is not healthy consolidation but rather distribution. The market looks heavy, and every test of support adds pressure on the downside.

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3. Technical Perspective
• The pair is pressing against support.
• A clean break below here opens the door for an immediate 300-pip drop.
• For a larger swing move, the downside target extends much deeper – towards the 188.00 zone, which is the next major support level.

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4. Trading Bias
As long as 200.00 holds as resistance, my bias remains bearish.
The longer the range persists, the bigger the breakout that will follow — and in this case, I believe it will be to the downside.

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5. Conclusion
GBPJPY has been unusually quiet, but pressure is building. Once support breaks, the move could be fast and violent, in classic GBPJPY style.

[Pitchfork_IS_power]

Great breakdown GBP/JPY compression like this often leads to explosive moves With 200.00 acting as a strong resistance, the bearish bias makes sense — a clean break could easily trigger that sharp 300-pip+ drop toward 188

[m_c_jacob]

@Pitchfork_IS_power yeap, let's see

[Couturier]

Solid analysis GBP/JPY stuck in this tight 200-pip box definitely feels like pressure cooking — once 200 gives way, that 300+ pip slide toward 188 looks like a real possibility

[m_c_jacob]

@Couturier Thanks

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