The GBPJPY currency pair has confirmed its continued bullish momentum, closing above the 195.85 level, which now serves as a support zone for further upward movement. After reaching the 197.30 level last Friday, the pair has shown signs of consolidation due to mixed signals from the major indicators.
Bullish Outlook:
The bullish bias remains intact as long as the support at 195.85 holds. The pair is expected to continue its upward trajectory, with potential targets at 197.80 and a possible push towards the recent high at 199.00.
Key Technical Levels:
- Support levels: 196.45, 195.85
- Resistance levels: 197.80, 199.00
Trend Forecast: Bullish
As long as the support at 195.85 holds, the bullish trend is expected to persist, with 197.80 and 199.00 in focus as the next potential upside targets.
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