Exploring the Recent Rally of GBP/JPY and Projection Levels
Thursday, 11 July 2024, 07:09
GBP/JPY Daily Outlook
GBP/JPY's rally has regained momentum, surging to a peak of 208.08. The current intraday bias is tilted towards further upside movement, aiming for the 138.2% projection level from previous levels. However, breaking below the minor support at 206.12 could initiate a phase of consolidation, temporarily halting the bullish trend.
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