The GBP/JPY currency pair is currently expected to resume its upward movement. This bullish outlook is supported by the formation of a swing low, indicating a potential reversal to the upside.
Furthermore, the presence of a double bottom pattern strengthens the bullish bias, suggesting a significant potential for further price increases in the near term.
Recommendation:
- Buy GBP/JPY
- Entry: 199.500
- Take Profit: 199.900
- Stop Loss: 199.200
*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.
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