GBP/JPY is currently expected to extend its bullish movement. This outlook is supported by the uptrend line that remains intact, along with the formation of a Higher Low (HL) momentum, which often indicates a healthy continuation of the bullish trend.
With these technical signals, GBP/JPY has strong potential to push higher toward the nearest resistance level.
Recommendation:
- Buy GBP/JPY
- Entry: 199.819
- Take Profit: 200.206
- Stop Loss: 199.524
*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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