GBP/JPY H4 | Under Pressure BoE–BoJ Policy Divergence (28.07.26)

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GBP/JPY H4 | Under Pressure BoE–BoJ Policy Divergence (28.07.26)Great British Pound vs. Japanese YenFX:GBPJPYKABHI_TA_TRADINGGBP/JPY -H4 - has broken below its ascending channel and failed to reclaim the highlighted resistance zone around 218.98–219.61, indicating weakening bullish momentum. Price is now consolidating below resistance, while the projected path suggests sellers may regain control if the pair remains beneath the supply area. A confirmed rejection could expose the next downside targets at the marked support levels, whereas a sustained move above resistance would invalidate the bearish setup. GBPJPY (SELL) 🔴 1st Support: 215.554 🔴 2nd Support: 214.235 🟢 Resistance Zone: 218.984 – 219.607 💡 Fundamental Key Points : ✅ Markets are focused on the upcoming Bank of Japan policy decision, with traders watching for any signal of further rate hikes that could strengthen the yen. ✅ The Bank of England is also expected to announce its policy decision this week, with investors looking for guidance on inflation and future rate expectations. ⚠️ Disclaimer: This analysis is for educational purposes only. Support the idea 🚀 Boost | 💬 Comment | 🔁 Share 🔸🔸 Charts Don't Lie, Traders Don't Quit 🔸🔸