GBP/JPY maintains bullish momentum ahead of key data releases

GBP/JPY continues to show strong trending behavior, holding above the 190.00 psychological level as traders position ahead of this week's economic calendar. The pair has gained 0.8% over the past three sessions, supported by sterling strength and persistent yen weakness. Technical indicators suggest the uptrend remains intact, with the pair respecting its ascending trendline from early July. Key UK inflation data due Wednesday could further boost the pound if it exceeds the Bank of England's expectations, potentially accelerating rate hike speculation. Meanwhile, the Bank of Japan's dovish stance continues to weigh on the yen, with EUR/GBP remaining relatively stable near 0.8400. Immediate resistance for GBP/JPY sits at 190.80, while support has formed at 189.50. USD/JPY's parallel strength above 148.50 reinforces the yen's broad weakness across major pairs.