FX.co ★ GBP/JPY

Currently, the GBP/JPY currency pair continues to move within an ascending channel, indicating that buyers are still in control. After an attempt to stay above the 213.075 level, a pullback has started. I expect the price to range between 213.100 and 212.300 in the near future. At the moment, the closest support level is at 212.400. If the price manages to break below this level, it could be one of the first signals of a move towards 212.200, although a bounce is more likely. It is important to note that the price is currently above this point, indicating a bullish bias.