GBPJPY Price Analysis
Current Scenario
The GBPJPY pair has sustained strong bullish momentum, surpassing the 204.73 barrier and reaching the initial additional target of 205.22 this morning.
Bullish Outlook
Currently, the pair is finding continuous support around 203.70, bolstered by positive momentum from major indicators. This setup increases the likelihood of further gains, potentially extending towards 205.72 and 206.45, which could act as additional resistance levels against bullish movements.
Expected Trading Range
- Support: 204.25
- Resistance: 206.45
Trend Forecast: Bullish
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