The GBP/JPY touched the bearish channel's support, shown in the graph, but is steadying above it. That helps us maintain previous expectations of the uptrend, targeting 156.75. If that level is breached, the path will be cleared for the pair to head towards 158.30.
**Trend is short-term (less than 3 months)
**Chart is based on GMT +2
Notes:
- If the price reaches more than 80% of the target before triggering entry, the signal is invalid.
- Clearence is for -/+ 5-point margin.