GBPJPY Analysis: Current Levels and Potential Scenarios
After an unsuccessful attempt to surpass the 191.30 resistance, GBPJPY is currently testing the 190.20 support level.
A breach beneath this support could prompt a further decline towards the 189.02 support level, with a potential target zone around 188.00.
Nevertheless, as long as the 189.20 support remains intact, there is a possibility of a renewed ascent towards retesting the 191.30 resistance. A breakout above this level could signify the continuation of the uptrend originating from 185.21, with the subsequent target likely situated around the 193.00 area.