GBP/JPY Price Analysis: Oscillates on top of Kumo, above 183.00

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• GBP/JPY achieves losses of 0.54%, clinging to the top of the Ichimoku Cloud at 183.20s.
• Upbeat market sentiment and fears of Japanese authorities intervening could cap the potential rally.
• If GBP/JPY dives inside the Kumo, the first support is at 183.00, followed by Tenkan-Sen at 182.52.

The Pound Sterling (GBP) losses some ground against the Japanese Yen (JPY) on Wednesday but clings to the top of the Ichimoku Cloud (Kumo) at around 183.20s, though it achieves losses of 0.54%.