GBP/JPY Breaks Out of Consolidation, Momentum Turns BullishBritish Pound / Japanese YenFOREXCOM:GBPJPYFOREXcomThe British Pound/Japanese Yen pair has surged above its recent consolidation zone, signaling renewed bullish momentum after several weeks of sideways movement. The breakout follows a period of price compression between roughly 198 and 201, suggesting that volatility is returning to the market. From a moving average perspective, the 50-day SMA (blue) continues to trade comfortably above the 200-day SMA (red), maintaining a positive structure typical of a sustained uptrend. The latest breakout candle has pushed prices well above both averages, reinforcing trend continuation bias. Momentum indicators support the bullish tone: The MACD line has crossed above its signal line and is now trending higher in positive territory, showing an acceleration of upside momentum. The RSI (14) has risen sharply to around the 70 level, entering the overbought zone. While this may signal short-term overextension, it also confirms strong buying pressure consistent with a breakout environment. Overall, GBP/JPY appears to be entering a new leg of its broader uptrend, with both price action and indicator alignment favoring continued strength — though short-term pullbacks cannot be ruled out following such a sharp move. -MW