Here are the most important forecasts for the gbpj pair during the day

Technical Analysis of GBP/JPY
The GBP/JPY pair is moving within an upward trend on both the 1-hour and 4-hour timeframes. Prices successfully swept the liquidity below the 195.38 level and then rallied strongly, breaking through the OB zone on the daily timeframe. Currently, prices are consolidating above this area around the 199.55 level. During the day, prices are expected to continue their upward movement.

Key Economic News
There are no significant economic events today; therefore, market activity is expected to remain relatively calm.

Liquidity Levels
Prices are expected to rise and target the 200.30 level, followed by the 201.30 level.

Invalidation of the Bullish Scenario
The bullish outlook will be invalidated if the price closes a 4-hour candle below the 198.22 level.

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