GBPJPY Shifts to Neutral Bias After Retreat Above 214.61

On July 8, Action Forex turned GBP/JPY intraday bias neutral following a pullback, signaling near-term consolidation rather than reversal. This follows the July 6 rally that breached 216.58 and resumed the larger uptrend toward the 220.90 Fibonacci projection. The pair continues to find support above 214.61, while a sustained break above 217.19 would confirm continuation. Longer-term bullish structure remains intact unless price closes below the 55-week EMA at 207.89, which would open the way toward 184.35.