GBPJPY may rise again from the support area

GBPJPY may rise again from the support area

The price has already tested a strong daily support area near 191.40

After the price depreciated by 900 pips by the BOJ intervention which was never accepted by them, we could see GBPJPY rise to at least 195.00 again

The BOJ's indifference and small interventions are not supporting the JPY to get stronger.

We may see the market start another uptrend and wait for the BOJ again.

You may find more details in the chart!
Thank you and Good Luck!

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Trade closed: target reached:

GBPJPY +50 pips so far...it may rise more
Market price 193.57 from 193.07

Trade closed: target reached: