Beautifully, buyers pushed the price of GBPJPY up. There were thoughts that it would stop at 214.85, but no, they went up to 215.25-215.35. Currently, there has been a slight pullback, but since the sentiment remains bullish, it cannot be ruled out that the uptrend will continue soon, with the level of 216.00 already looming on the horizon. Of course, a pullback is much needed as the bulls have pushed too high. If sellers manage to establish below 214.85, then the decline may continue towards 214.45, and if this level is also overcome, then a descent to 214.05 may be possible. Holding below 214.05 could lead to a decline in GBPJPY to 213.65, 213.30, 212.90, and 212.50 - from here, a rebound and growth are quite realistic. If they consolidate below 212.50, then a more significant pullback can be expected.
