DeGRAM | GBPJPY — 210.50 Resistance Caps the RecoveryGBP/JPYOANDA:GBPJPYDeGRAM📊 Technical Analysis ● GBPJPY has recovered from the 209.20 area, but the rebound is now testing a clear resistance zone around 210.40–210.55 after the sharp selloff from the 211.80 region. ● The short-term technical picture is improving, with RSI around 52 and MACD in Buy territory, but the pair remains below the 100 and 200 moving averages. Current pivot resistance also clusters around 210.39–210.50. ● The projected path favors a rejection from 210.40–210.55, followed by a move back toward the rising support line and the target area around 209.50–209.60. 💡 Fundamental Analysis ● Yen Weakness — Recovery Faces Resistance: The yen weakened as improving risk appetite reduced demand for safe-haven currencies, helping GBPJPY recover toward 210.00. ● BoJ Decision Ahead — Yen Risk Rising: The Bank of Japan is expected to hold rates on Friday, but rising Japanese inflation could bring further tightening signals and support the yen. ● UK Budget — Key Pound Catalyst: Sterling is facing increased volatility ahead of Wednesday's UK Budget, with markets focused on fiscal discipline and borrowing plans. ✨ Summary ● GBPJPY is approaching the 210.40–210.55 resistance zone after a strong recovery. With major resistance overhead and important UK and Japanese events ahead, the setup favors a rejection toward 209.50–209.60. Share your opinion in the comments and support the idea with a like. Thanks for your support!