GBP/JPY Rally Leaves Gap Behind British Pound/Japanese YenFX:GBPJPYFenzoFxBrokerFenzoFx—GBP/JPY broke above 201.27 resistance. This week’s rally left a large opening gap between 198.87 and 200.83. On Monday, only 25% of the gap was filled before price surged 1.30%. Technically, the pair is overbought. A dip toward the gap zone, especially near 198.87 support, may offer a discounted entry. However, if the pair closes below 197.48, the bullish outlook is invalidated and price may drop toward the equal lows at 193.40.