GBP/JPY: Likely to Move Higher
Updated
Hi there,
The support zone of 197.545-197.464 needs to hold, and a higher low must form above it for a possible bullish continuation. The price is in a bullish trend on the daily and weekly timeframes, moving toward the 199.026 area.
Overall the price has low volatility with strong bullish volume; it will require monitoring.
Happy Trading,
K.
The support zone of 197.545-197.464 needs to hold, and a higher low must form above it for a possible bullish continuation. The price is in a bullish trend on the daily and weekly timeframes, moving toward the 199.026 area.
Overall the price has low volatility with strong bullish volume; it will require monitoring.
Happy Trading,
K.
Trade closed: target reached
GJ played out as anticipated for the short run and now price is acting in a resistance area. The bears will need to keep a watchful eye out as the trend is overall a bullish one.
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