GBP/JPY edged higher to 196.38 last week but quickly retreated. Initial bias remains neutral this week first. Further rally is expected as long as 193.75 support holds. Firm break of 196.38 will resume the whole rally from 184.35 to 199.79 resistance. Break there will target 100% projection of 180.00 to 199.79 from 184.35 at 204.14. […]The post GBP/JPY Weekly Outlook appeared first on Action Forex.