GBP/JPY broke through a resistance at 2024-05-06T14:00:00.000Z, with the price momentum continuing to move in an upward direction over the next hours, good opportunity presents itself with the price expected to reach 195.2598.

GBP/JPY has broken through resistance
GBP/JPY has broken through the resistance line of a Channel Down technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 15 days and suggests a possible target level to be around 195.2598 within the next 22 hours.

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