GBP/JPY Price forecast: La Libra-Eye Cutures profits, points to the support of the trend line with the Fed Rate Call in the Focus

• The GBP/JPY falls almost 0.70% to quote around 195.30, erasing Monday’s profits.
• The strong US dollar and the stable Japanese press the feeling of sterling pound.
• The pair remains above the ascending trend line and the 21 -day EMA about 194.80 for now

The sterling pound (GBP) weakens in front of the Japanese yen (JPY) on Tuesday, sliding down while an American dollar (USD) and a stable yen weigh on the attractiveness of the pound. The GBP/JPY torque is directed towards its ascending trend line support, with the operators, keeping cautious before the key decision on the Federal Reserve Interest rate (FED) on Wednesday, which could mold the short -term risk appetite and establish the tone for the next directional movement.

The GBP/JPY is falling almost 0.70% in the day, quoting around 195.30 and returning all the profits of Monday after not achieving a break above 196.50, a key level that has limited the upward attempts since mid -May.

From a technical point of view, the GBP/JPY torque remains technically backed above an ascending line of ascending trend since the minimums of early April, but the recent rejection in 196.50 keeps buyers to the defensive for now. The pair clings to its 21 -day exponential (EMA) mobile average, currently about 194.76, which aligns with the trend line and acts as immediate support.

The 14 -day relative force (RSI) index remains just above 50 but is flattening, indicating a weakening of the bullish impulse if new drivers do not arise. Meanwhile, the convergence/divergence indicator of mobile socks (MACD) remains marginally positive but shows limited monitoring, suggesting that the price action could remain within a short -term range.

On the positive side, a daily closure is needed above 196.50 to relive the bullish impulse and pave the way for a test of the following key barrier in 198.26. A sustained movement beyond this could bring back the psychological level of 200.00. On the contrary, a decisive rupture below the 21 -day EMA and the support of the trend line about 194.80 would expose the torque to deeper losses, pointing to the EMA of 50 days around 193.55, with an additional risk to the decline that would extend to the 192.00 zone.