Bulls continue to dominate the GBP/JPY market despite a period of consolidation. The pair has been trading within a tight range, but the overall trend remains in favor of the bulls. This indicates that buyers are still in control and are likely to push the price higher in the near future.
The consolidation phase could be seen as a healthy pause in the uptrend, allowing for a potential buildup of momentum before the next leg up. Traders should keep an eye on key support and resistance levels to gauge the strength of the current trend.
Overall, the outlook for GBP/JPY remains bullish, with the potential for further gains in the coming days. Traders should continue to monitor the price action closely and be prepared to capitalize on any opportunities that arise.