GBP/JPY bullish swing trend and USD/JPY near intervention level

Forex analysts note that the GBP/JPY pair is trading on a 1‑hour chart within a rising trend channel that has held through multiple bounces since mid‑April, with the price approaching the channel's upper line and a long position being suggested.

The USD/JPY pair is quoted near 159.30 and is closing in on the 160.00 level that has previously triggered Japanese monetary authority interventions. Technical indicators continue to support an upward move, but the proximity to the intervention threshold raises the risk of sharp volatility.

Both analyses caution investors to monitor the key price levels for potential trade entries while recognizing the heightened sensitivity around the USD/JPY intervention zone.