Market Analysis
EURUSD weekly: euro drops 111 pips to 1.14817, 2026-09-14
EURUSD gave up 111 pips over the week of 14 September 2026, with the whole loss landing in a single Wednesday session that broke 1.1500.
4 min readGBPJPY opened Monday at 216.69 and closed Friday at 218.497. That is a net gain of roughly 181 pips on the week, close to 0.8 percent. The bulk of the move came on Wednesday, when price broke from 217.28 up to a high of 219.608 in a single session before easing back over Thursday and Friday.
The event calendar in the bundle is empty for the coming five sessions, so this week is about how price handles the ground it took last Wednesday. The failure to hold above 219.60 and the two lower closes into Friday put the focus on whether buyers defend the gains or let the pair drift back toward the base of the range.
With no scheduled high-impact prints to anchor to, order flow and reaction at last week's extremes carry more weight than usual. Watch how the pair opens relative to Friday's 218.497 close, since a soft open would signal that the mid-week surge is being sold. Open an LHFX account to trade GBPJPY this week.
If price holds above the 218.49 close early in the week and pushes on, the obvious reference is last week's high near 219.61. A rejection there keeps the range intact. If the pair opens soft and loses the 217.99 area that marked Friday's low, the prior consolidation zone around 217.10 to 216.66 comes back into play. Sterling crosses often move together, so keep an eye on GBP/USD for confirmation of any breakout or breakdown.
LHFX client positioning shows 55.2 percent long and 44.8 percent short as of 20 July. That is a modest long skew, consistent with a market that bought last week's break but is not heavily committed. A crowded long book can leave a pair exposed if support gives way, so the skew is worth noting alongside the level reactions rather than treated as a signal on its own.
Last week's high at 219.608 is the upper reference. Friday's low at 217.991 is the near-term floor, and below that the pre-breakout zone runs from 217.103 down to 216.663. These are reference levels for framing reaction, not entry signals. A hold above the Friday close keeps the recovery story alive; a break of the 217.99 low shifts attention to the lower band.
Byline: LHFX Research
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