GBP/JPY Ascending Channel Formed – Bullish Breakout Anticipated
The GBP/JPY pair has formed a well-defined ascending channel, signaling potential upward momentum. A bullish breakout is expected as the price tests the upper resistance of the channel. Traders are advised to watch for a strong candle close above the resistance level to confirm the breakout. Volume spikes and a retest of the resistance-turned-support could strengthen the bullish continuation.
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