FX.co ★ GBP/JPY

As of today, the GBP/JPY currency pair continues to move within an ascending channel, which indicates that buyers still maintain control. After an attempt to stay below the 214.90 level, a pullback began. I expect that in the near future the price of the pair will move roughly in the range from 216.30 to 216.80. At the moment, the 216.30 level is the nearest resistance; if the price manages to break through this level, it may become one of the first signals that a move toward 216.80 is likely to begin, although a pullback may also occur. However, it is important to note that the price is currently below this point, and the priority direction remains bullish.