Analysis of the GBP/JPY currency pair for October 23, 2026

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

October 23, 2026

GBPJPY

The trend is upward. The currency pair is trading between the 365 EMA and the 135 EMA. A truncated downward wave pattern has concluded. The Awesome Oscillator shows a bullish divergence, and the Stochastic Oscillator lines have exited the oversold zone.

Trading idea:

Buy upon a breakout of 210.490.

Stop Loss: 209.230

Target levels: 211.720; 211.980.