Ella 
GBP/JPY hit a new all-time high around 186.77 during the early Asian session on Tuesday. GBP/JPY is trading around 186.50 at press time. GBP/JPY retreated from all-time highs and it appears that level is acting as resistance. A break above this level will help GBP/JPY to test further up around the psychological 187.00 level.
The MACD indicator shows a buying bias in GBP/JPY as GBP/JPY remains in a positive zone above the mid-line and above the signal line. The Relative Strength Indicator (14) remains above 50, which confirms the bullish sentiment for GBP/JPY.
GBP/JPY is likely to face immediate support around the nine-day EMA at 185.24 and the 23.6% Fibonacci retracement at 184.30.
Below the latter, bears could approach the area around the 184.00 psychological mark.
