Forex pair to focus: GBPJPY

GBPJPY moved back to near the 183 mark again. Technically, the overall momentum remains bullish. However, it will be hard to rule out a retracement to 181.60 and 181.20 if the bulls failed to hold the upside momentum. On the flip side, in case the pair manages to settle above again 183, then the next key resistance area to watch is 183.60.