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HomeLatestGBP/JPY Resumes Rise – Forecast for July 10, 2024
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GBP/JPY Resumes Rise – Forecast for July 10, 2024

The GBP/JPY pair has opened today’s trading session with clear positivity, surpassing the 206.00 barrier. This reinforces expectations for a continuation of the bullish trend, aiming towards our next target at 208.40.

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As such, we maintain our suggestion of a bullish trend for both the intraday and short-term perspectives, as indicated by the bullish channel visible on the chart. However, breaking below 206.15 could halt the bullish rally and prompt a correction towards lower levels.

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Today’s expected trading range is between 205.80 and 207.50.

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Trend forecast: Bullish

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