GBPJPY: Weak Yen, Strong GBPGBP/JPYOANDA:GBPJPYParadise_NoirGBPJPY is currently in a strong uptrend, thanks to the weakening of the Japanese yen. Japan's policies, especially those related to interest rates and financial plans, have put significant pressure on the yen. This has allowed the British pound (GBP) to maintain its strength, especially as investors shift to higher-yielding assets. The H1 technical chart shows GBPJPY moving within a clear ascending wedge. The price is fluctuating between a solid support level at 205.00 and resistance at 205.80. The EMA indicators support this uptrend, indicating that the price will likely continue to rise as long as it stays above these support levels. With the weakening yen and supportive factors from the chart, GBPJPY could continue to rise to higher levels, particularly 205.80 in the short term. Traders can look for buying opportunities when the price adjusts to near the 205.00 support level, creating a favorable entry point. With the combination of fundamental and technical factors, GBPJPY has the potential to continue maintaining its uptrend. The next resistance level will be 205.80, and if it breaks through, the pair could continue to reach higher targets in the near future.