GBPJPY Seems to Be at a Crucial Juncture

I've seen $GBPJPY hovering around 216.00 for a few days now. It looks like a high wall that it keeps hitting and bouncing back from. Today, it almost reached it but didn't break through. In the bigger picture, it tried last week too. If it can truly break above 216.00, we'll likely see a fair amount of buying pressure. But if it stays stuck here for much longer, we might need to watch out for potential selling pressure.

Personally, I think if it drops below 215.20, we'll have to re-evaluate everything. The plan I had would probably be scrapped. I consider this a fairly important support level. Anyone looking to enter now should be a bit cautious. A decision will surely come soon.