GBPJPY TECHNICAL ANALYSIS SHORT TERM VIEW
GBPJPY has strong support 174.64 to 179.20 levels and it can rise towards towards 187 levels without touch 174 level as shown in graph .Overall trend is positive and as long as it hold support it can rise towards 187 level sharply l.Inner calculations suggesting for intraday purpose 174 stop loss and it can rise for181.80,182.10 and final target182.50levels respectively.
QUICK FUNDAMENTAL LOOK
GBP/JPY displayed a robust uptrend from late July, extending well into August. However, the upward momentum began to wane after a failed attempt to break above overhead resistance in the 186.75 area, with prices retreating in recent days, guided lower by a short-term dynamic trendline extended from the 2023 high.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.