GBPJPY: Ready to Climb Higher

GBPJPY had been consolidating in a sideways range for about a week before witnessing a strong bullish breakout today. This surge has turned the pair bullish.

On the 4-hour chart, the price successfully broke above a key resistance level within the range, supported by a strong momentum candle.

With this breakout, further upside movement is expected, with potential targets at 190.48 and 190.98.