Today Ideas For GBPJPY
GBPJPY is testing trend support and forming a liquidity trap. The price is returning to the trading range, and a weak yen may support the pound's growth
Against the backdrop of the dollar's growth, the Japanese yen is weakening, which supports the growth of the currency pair.
GBPJPY has completed a 50% correction. A false breakdown of support and a return to the long zone indicates bullish potential. If the bulls keep the price above 207.5 - 208.0, the price may head towards areas of interest.
Resistance levels: 210.28, 211.59
Support levels: 207.96, 207.205
A reversal pattern is forming after liquidity capture. The potential is shifting towards the bulls. Consolidation above 208.0 could trigger the start of growth
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