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GBPJPY will it break resistance or face rejection?

GBPJPY was down on Friday after testing the high level of 198.94 in the last trading session as British Pound Sterling Japanese Yen traded at 196.054 this Friday December 20th, decreasing 0.765 or 0.39 percent since the previous trading session. Looking back, over the last four weeks, GBPJPY lost 1.06 percent. Over the last 12 months, its price rose by 8.74 percent. Looking ahead, we forecast British Pound Sterling Japanese Yen to be priced at 194.176 by the end of this quarter and at 194.931 in one year, according to Trading Economics global macro models projections and analysts expectations.