GBPJPY Chart Technical Outlook trades within a range, looking to test the upper band
GBP/JPY broad bias is bullish. It has been moving sideways for the past three weeks. I expect the range trading to continue. Prices stall at the previous week’s high. A temporary pullback is possible, but this could be broken higher to test the range and toward the resistance zone of 50% and 61.8% Fibo levels.
I expect more upside price action, with dips to be bought.
Resistances: 182.90, 183.50
Supports: 181.00, 180.30
