Long in GBPJPY

29 Feb

I am holding a long position on GBPJPY as the price has reached a strategic demand zone. This area has historically shown strong buying interest, supporting my decision to maintain this trade for the long term. Furthermore, technical analysis indicates significant upside potential in the currency pair, giving me confidence in my trading strategy. Taking into account the current macroeconomic environment and fundamental news supporting a strengthening of GBP against JPY, I am optimistic about the profit potential in this position.