GBP/JPY remains confined between 191.60 and 192.80, unable to break through key resistance at 193.00.
Technical analysis highlights potential decline towards strong support at 190.00, with key indicators aligning.
Immediate technical supports to watch include the Tenkan-Sen at 191.46 and the Kijun-Sen at 191.06.
The GBP/JPY consolidates at around current exchange rates, unable to break above/below the 191.60/192.80 range, following an inflation report in the UK that sparked a rally in the GBP/USD pair. Therefore, after finishing Wednesday's session around familiar levels, the cross-currency pair trades at 192.22, virtually unchanged.
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