Traders keeping the pair contained
The GBPJPY has been consolidating trading with little in the way of a definitive technical bias.
Looking at the daily chart, the par over the last two months has traded above and below the 200 day MA (green line in the chart above). The price has been above the 100 day MA since election time in November. The last test of the 100 day MA stalled just above it in January. The last test of the 200 day MA stalled just above it just last week (and on Monday too). So that is bullish.