At the moment, the currency pair GBP/JPY continues to move within a descending channel, indicating that sellers are in control. After an attempt to hold below the 213.10 level, a pullback has started. I expect the price to move in the range of 214 to 213 in the near future. Currently, the 214 level is the closest resistance, and if the price manages to break above it, it could signal a potential move towards 214.30, although a pullback could also occur. It is important to note that the price is currently below this level, with a bullish bias.
