We last discussed the fractal and symmetric features of GBP/JPY's price bottom formation. The anticipated bullish swing indeed materialized, accelerated after the Bank of England hinted at a rate hike this year. GBP/JPY 4H Chart (click to enlarge) At Resistance:- The 4H chart shows the sharp rally after price came out of the inverted head and shoulder patterns.- We noted upside potential to about 151.65, which is a key resistance that we can see on the weekly chart.- The thing is, the current rally is so strong, I would not be confident in relying on resistance here. - We might see some consolidation, but I think downside is limited to 148.60.Upside:- If price closes above 151.65, there is upside first to 160, then the 163.90-164 area.- We can see a resistance pivot around 160, and a more important support/resistance pivot around 164. GBP/JPY Weekly Chart (click to enlarge)