GBPJPY had been consolidating in a sideways range for about a week before witnessing a strong bullish breakout today. This surge has turned the pair bullish.
On the 4-hour chart, the price successfully broke above a key resistance level within the range, supported by a strong momentum candle.
With this breakout, further upside movement is expected, with potential targets at 190.48 and 190.98.
On the 4-hour chart, the price successfully broke above a key resistance level within the range, supported by a strong momentum candle.
With this breakout, further upside movement is expected, with potential targets at 190.48 and 190.98.
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