GBP/JPY Tests 196.4British Pound Sterling / Japanese YenCMCMARKETS:GBPJPYFenzoFxBrokerFenzoFx—GBP/JPY is testing the 196.4 monthly high, a fragile resistance after four previous attempts. On Friday, bulls pushed higher with a long-wick candlestick, but the Stochastic Oscillator signals an overbought market. The bullish trend remains intact if GBP/JPY holds above 193.8 support. A breakout above 196.4 may target 198.3, while closing below support could shift momentum downward.