The GBP/JPY pair resumed its growth and now is trading at 167.08 at the time of writing. It has climbed as much as 167.20 today. This level stands as an upside obstacle. Technically, as long as it stays above the uptrend line, the currency pair should extend its growth.
The 166.95 former high represented an upside obstacle. Jumping above it confirmed an upside continuation.
GBP/JPY Trading Conclusion!Passing above today's high of 167.20 activates further growth. This scenario is seen as a buying opportunity.