FX_IDC:GBPJPY   British Pound / Japanese Yen
The British pound had a strong rally, starting from the ¥175 level and breaking through significant resistance levels. It even surpassed ¥180, a psychologically important mark. However, caution is advised as chasing the trade at these levels is risky. Markets don't go up indefinitely, and a pullback is expected. Lower prices are needed before considering entry. If the pound breaks below ¥175, it may decline towards ¥172.50, then ¥170. Overall, buying on dips seems favorable, and existing long positions require careful trade management.

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