GBPJPY has been trading in a higher top higher bottom formation since last few months suggesting the trend to be bullish. The pair has experienced some correction since 6th April, but currently stands at the upward sloping trend line indicating a rebound in the offing. It would be prudent to say that GBPJPY could advance towards 151.50 and 152.50 while it sustains above 149.50.
Technical Analysis Team
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