GBP/JPY: Riding the Wave of a Continuation Bullish Trend

The GBP/JPY currency pair is exhibiting a persistent bullish trend across various timeframes, consistent with our previous forecast. Yesterday, there was a notable price retracement around the 172.55 level, coinciding with the critical 50% and 61.8% Fibonacci retracement areas. This pullback aligns with the overall uptrend, suggesting a potential opportunity to join the prevailing bullish momentum.

We anticipate a continuation of the bullish tendency in the GBP/JPY pair. Traders and investors should remain watchful for further upward price movements, as the market sentiment remains optimistic.

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