Technical Update - GBPJPY testing 190, likely resuming uptrend

The GBPJPY pair is testing the 0.618 retracement at 190.04. The RSI shows positive sentiment and has broken above its falling trendline, indicating that GBPJPY is likely to break above the 0.618 retracement and move higher. If the RSI closes back above the 60 thresholds, GBPJPY is likely to break above the February peak at 191.33 and move towards the 1.382 projections at 192.61. A close below 187.85 will reverse the bullish scenario and push GBPJPY lower to 186.17