The GBP/JPY pair has struggled to extend its upward move beyond the 196.00 mark over the past three trading sessions. During Monday’s Asian trading hours, the pair met selling pressure near this resistance level and ticked down to around 195.50. The market watches closely as the forthcoming monetary policy meetings from both the Bank of Japan and the Bank of England loom on the horizon. These events could significantly affect the GBP/JPY currency pair’s trajectory. Traders should remain vigilant as they monitor news and analysis surrounding these policies that may lead to volatility in the market.