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British Pound / Japanese Yen
Long

GBPJPY holds momentum, waiting for the final push

119
The GBPJPY pair is moving sideways between 197.400 and 199.000, while maintaining its position inside the ascending price channel. Each pullback is quickly absorbed near the lower support, indicating that buying pressure is quietly building.

💡 Bullish factors supporting the trend:
– UK Services PMI beats expectations, strengthening economic outlook.
– BOJ maintains negative interest rates, weakening the JPY.
– Risk-on sentiment drives capital back into the GBP.

🎯 Suggested strategy:
Buy near 197.400 or on a breakout above 199.000.
Target: 201.500 | Stop-loss: below 196.800.
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buyChart PatternsForexGBPJPYHarmonic PatternslongsetupSELLTechnical AnalysisTrend Analysis
Rocky_trade_
Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.