📈 Why This Trade? ✅ Strong UK Economic Data: Positive UK economic news is supporting GBP strength. ✅ JPY Weakness: The Bank of Japan’s dovish stance continues to put pressure on the Yen. ✅ Technical Breakout: GBP/JPY has broken key resistance levels, suggesting further upside potential. ✅ Bullish Indicators: MACD bullish crossover and higher lows indicate a strong uptrend.
📊 Analysis Summary: With GBP strength and JPY weakness in play, GBP/JPY is positioned for substantial upside. The pair has cleared major resistance, and technical indicators suggest a continuation of the bullish trend.