GBPJPY Chart Technical Outlook corrective rally can find sellers on expected monetary policy divergence
GBP/JPY has been trending higher this week within a corrective channel. Both central banks (BoE and BoJ) decided to hold rates steady while market price policy divergence shortly – this can weigh on prices. A daily close below 188.30 is needed to confirm the top formation and resume the broadly bearish bias. Resistances are located at 190.40 and 191.20. The bearish divergence in RSI should cap any gains.
