The GBP/JPY pair is currently expected to move higher. This bullish outlook is supported by candlestick confirmation along with a trendline reversal to the upside, signaling potential for further gains.
Additionally, the formation of a swing low reinforces the bullish momentum, suggesting that the pair has room to rise in the short term.
Recommendation:
- Buy GBP/JPY
- Entry: 198.533
- Take Profit: 198.943
- Stop Loss: 198.208
*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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