Price is still consolidating.
GBPJPY is still in a consolidation phase.
Price is still within the consolidating area.
Price is still trading in the range bound.
Could the correction of the down trend be coming to an end?
The bullish sentiment on GBPJPY is still in motion, the break of the 200 EMA is key along with the down trend line from the high of 2015. A clean close would see GBP retest 156.7 and resume the bullish rally from 122.