GBP/JPY: Down but not out for the count just yet - ConsultFX

GBP/JPY: Down but not out for the count just yet

Buyers still holding on to key near-term levels The pair encountered a strong rejection yesterday after meeting key technical resistance in the form of the upwards trendline (support-turned-resistance) and the 50.0 retracement level @ 147.96 - same levels mentioned two days ago .