GBPJPY is trading within an important demand zone that
is based on a rising trend line and a horizontal support.
We see a false violation of that and a bear trap, followed
by a bullish imbalance candle.
I think that the pair may go up and reach at least 198.08 level.
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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.