The GBP/JPY currency pair still shows upside potential. This bullish sentiment is supported by the formation of a chart pattern along with a candlestick confirmation, indicating that buying pressure remains strong.
Under these conditions, the short-term outlook for GBP/JPY continues to favor upward movement.
Recommendation:
- Buy GBP/JPY
- Entry: 198.940
- Take Profit: 199.375
- Stop Loss: 198.630
*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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