Is GBPJPY preparing for a major bearish reversal?

In this GBPJPY weekly forecast, Vladimir Ribakov analyzes the developing multi-time-frame bearish divergence, major monthly resistance and the two key trading scenarios to watch during the week of 13 July 2026.

GBPJPY is trading near an important monthly high while momentum is beginning to weaken across several time frames.

The technical picture includes:

• Monthly bearish MACD divergence
• Weekly bearish-divergence development
• Daily momentum weakness
• Major resistance near the recent highs
• A possible false-breakout scenario
• Potential bearish pullbacks after a structure break

Two main scenarios are developing:

1️⃣ GBPJPY breaks below the current structure, then produces bearish pullbacks while the important highs remain intact.

2️⃣ The pair creates one final bullish move, potentially supported by hidden divergence, before forming a false breakout and completing the larger multi-time-frame bearish-divergence setup.

The current highs remain critical. A confirmed rejection or bearish break of structure could create an important reversal opportunity.

Would you trade the first breakdown or wait for one final false breakout?

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⚠️ Educational content only. This is not financial advice. Trading Forex and leveraged products involves risk.

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