GBPJPY Chart Technical outlook consolidates, with bulls eyeing 197.15
GBP/JPY has been consolidating in November. Prices broke a recent bearish leg to the upside. A temporary pullback is in play, with an expected downward three-wave structure. A rally could be capped by 197.15. A higher resistance is seen at 197.75. Support is located at 195.20. If broken, the following barriers would be at 194.35 and 193.80.
