英鎊 / 日圓
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GBP/JPY: Bullish Momentum Builds Near Key Resistance

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The GBP/JPY market is currently developing an ABC pattern, with point C forming near the 196.000 level. Recently, the price broke above both a downward trendline and the 194.000 support, signaling a potential shift in momentum.

At present, the pair is testing last week’s high, which aligns with the 195.000 psychological level. A strong bullish candle has emerged on the daily chart, indicating growing bullish pressure. The market may enter a consolidation phase around this level before attempting a breakout above the previous week’s high. The next target is the resistance zone at 195.750

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