The British pound/Japanese yen (GBP/JPY) currency pair extended its bullish momentum in Tuesday’s session, decisively breaking through the key resistance level at 194.60. This breakout sparked a strong upward movement, with the pair approaching the next projected target near 196.60.
Analysts now consider the 194.60 level as a critical support zone, reinforcing the case for further gains. With technical indicators showing continued bullish signals, a fresh upward push is expected in the near term. The pair is now targeting the 197.35 level, with a possible extension toward 198.10 if the positive trend persists.
Today’s projected trading range:
Support: 194.80
Resistance: 197.00
Trend outlook: Bullish
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