GBP/JPY runs into cluster of resistance levels, upside move stalls - ConsultFX

GBP/JPY runs into cluster of resistance levels, upside move stalls

GBP/JPY touches a high of 147.98 on the day and then backs off a little The pair continues to trade near the highs for the day, but is currently testing key resistance levels in the form of the 50.0 retracement level @ 147.96 and the upwards trendline (support-turned-resistance).