GBPJPY Poised to rise further

GBPJPY Poised to rise further

The price broke out of the second intervention zone when the BOJ intervened in the market
almost three weeks ago.

There is no reason for GBPJPY to move down at this moment as long as BOJ is doing nothing
to support its currency.

All the JPY trades are showing a win-win game which is getting insane.

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

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Comment:

GBPJPY - near to the target

Trade closed: target reached

Trade closed: target reached:

Comment:

GBPJPY continues to rise after UK CPI data came in above expectations.

Trade closed: target reached: