GBP/JPY pair initially pulled back to the significant support
The GBP/JPY pair initially pulled back to the significant support level of ¥190 this week but later rebounded, signaling a potential resurgence in the market. If the carry trade gains momentum, the Japanese Yen is likely to weaken against most currencies. This positions GBP/JPY as one of the most appealing trading opportunities in the near term.
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