Before starting 2024 market was on a brief expectation of JXY coming back to life and JPY pairs were trading south but things changed entering 2024. GBP JPY showing way more bullish activity than expected above 187.5 area. continuing to get supported and this will result in a hike. final destination is set to be 220 but there are many inner channel resistance levels ahead such as 200 it self. will GBP JPY see higher highs to 220? price action will prove.
Trade active
Comment:
first target reached
Trade closed: target reached