GBP/JPY tries hard to stay higher and to take out the major horizontal resistance from the 151.66 level. Price failed to reach and retest the 150% Fibonacci line (ascending dotted line), signaling that the bulls are still in the game and could take control again. The perspective remains bullish as long as the price is located above this dynamic support. GBP/JPY could jump much higher if the Nikkei stock index will resume the upside movement.
