The area where GBPJPY is being traded has the highest volume ever traded since the beginning of 2024. Also, the reverse trendline is also giving a bullish signal. In addition, the Japanese Yen Futures current traded area is also the highest volume traded since the beginning of 2024, which means if it is retesting this area then we can expect the growth in XXXJPY pairs. Watch out for an upward trend from the market opening. I expect to take a long position until 197.500 or 200.000.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.