GBP/JPY is currently expected to move higher. Although the price action appears to be forming a correction, this retracement actually supports the bullish outlook as it aligns with a swing pattern indicating upward momentum.
Furthermore, the bullish bias is reinforced by candlestick confirmation, suggesting a strong potential for further gains in the near term.
Recommendation:
- Buy GBP/JPY
- Entry: 199.389
- Take Profit: 199.704
- Stop Loss: 199.181
*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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