After liquidating early buy positions, GBPJPY will continue a bit downwards to lure in sellers after which the price will then rise to take out their liquidity too. I believe we'll potentially see 198 before the week's end.
After sweeping liquidity on the early buyers. The Pound now looks to push further up to clear the liquidity of those selling into the market. Let's see what'll happen.
Even more bullish after taking out sellers liquidity.
It's a strong resistance level. I expect a fall of over 100+ pips.