GBPJPY — Weekly OutlookBritish Pound/Japanese YenFX:GBPJPYTriple7CapitalGBPJPY — Weekly Outlook | 4H Structure 🗓️ The Pound Yen is at a critical inflection point on the 4H timeframe. After weeks of choppy price action, the structure is now setting up a clear two-step move — a brief push higher before a sharp corrective decline plays out toward major support. 📌 Key Levels: 🔺 Relief Push — 215.242 🔻 Pullback Path — 212.994 → 211.686 → 209.688 📐 Structure: Price is currently consolidating just below a key resistance zone. The marked path shows one final push toward 215.242 — a prior structural high — before sellers step in aggressively. From there, a three-step corrective move is expected: first down to 212.994, a minor bounce, then a deeper flush toward 211.686 and ultimately 209.688. This level aligns with a major horizontal support and a long-term ascending trendline. A clean reaction from 209.688 is required to maintain the broader bullish bias on this pair. ⚠️ Macro This Week: Two critical drivers for GBPJPY. On the GBP side — UK public sector borrowing came in at £24.3 billion in April 2026, £4.9 billion higher than a year ago and above OBR forecasts — adding fiscal pressure on Sterling. On the JPY side — BOJ intervention risk remains a live threat as yen weakness persists. FOMC Minutes this past week shifted hawkish, keeping yield differentials wide and supporting the pair near current levels — but any sudden JPY strengthening from BOJ action can trigger a sharp and fast move downward. CoinCodexStoneX 📖 Educational analysis only. Not financial advice.