Intraday bias in GBP/JPY is back on the upside with breach of 211.96 resistance. Rise from 2006.85 should target 217.45 resistance. On the downside, below 210.27 minor support will turn bias neutral again first.
In the bigger picture, price action from 219.56 is seen as correcting the up trend from 184.35 (2025 low). Deeper fall could be seen to 38.2% retracement of 184.35 to 219.56 at 206.10. Strong support is expected from there to bring rebound. However, decisive break will raise the chance of larger trend reversal, and target 61.8% retracement at 197.80.
