Technical Analysis for GBP/JPY
The GBP/JPY pair is moving in an upward trend on the daily and four-hour timeframes. Prices successfully formed an IFVG zone on the four-hour timeframe around the 205.45 level and bounced upward from it. Prices are currently trading around the 206.07 level, and the upward trend is expected to continue today.

Key Economic News
The British pound is awaiting the Autumn Forecast Statement, which is a medium-importance event, and there are no important news releases on the Japanese yen.

Liquidity Levels
Prices are expected to rise today and target the 206.87 level, followed by the 208.10 level.

Invalidation Scenario
The bullish scenario is invalidated if prices visit the 204.66 level.