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 175 stop loss and it can rise for182.80,183.30 and final target184 levels respectively.
QUICK FUNDAMENTAL LOOK
There is no stopping USD/JPY’s advance as the US dollar is on track for its tenth consecutive week of gains amid the Federal Reserve’s (Fed) hawkish pause while the Bank of Japan (BOJ) rigorously holds onto its dovish stance.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.