GBPJPY - "Maintains Bullish Momentum Towards 205.00"

The price has reached the target of 204.00, as indicated in our previous analysis. The bullish momentum is still active, suggesting that the price is likely to stabilize above 204.00. Currently, the price might retest levels slightly below 204.00 before reversing to continue its upward trend toward the next target of 205.00.

However, if the price breaks below 204.00, it is likely to fluctuate between this level and the support level of 203.00. This means that a break under 204.00 could result in the price moving within the range of 204.00 to 203.00 before any further direction is established.
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