Expected Short-Term Movement of the GBP/JPY Pair

The GBP/JPY pair has resumed its upward trend after recent corrections.

It rebounded from demand zones near the 199 level 

and is now attempting to return to its upward trajectory.

On the hourly timeframe, it is currently moving sideways

, indicating potential consolidation that could push the pair higher.

Expected Targets

If the current consolidation is successful, 

we anticipate a short-term rise in the pair towards targets at 202.40 and 203.30.

However, if the pair reverses and closes below 200.66, 

the expected upward movement will be invalidated, 

and we may see a continuation of the current correction.