GBP/JPY chart on Trading View used for analysis
- GBP/JPY is extending grind above 200-DMA, hits 3-week highs at 147.98.
- Technical analysis supports bullish bias for the pair, scope for further gains.
- Price action is now above daily cloud and major moving averages.
- Stochs are sharply higher and RSI above 50, bias higher. MACD shows bullish crossover on signal line.
- Next major bull target lies at 148.70 (trendline resistance). Break above to see further gains.
- On the flipside, retrace below 200-DMA could see weakness till 5-DMA at 146.56. Dip below 20-DMA negates bullish bias.
Call update: Our previous call (https://www.econotimes.com/FxWirePro-GBP-JPY-Trade-Idea-1453317) has hit TP1.
Recommendation: Book partial profits at highs, hold for further upside.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


Global Markets React to Strong U.S. Jobs Data and Rising Yields
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
FxWirePro: GBP/NZD reverses course, bias back to downside
FxWirePro- Woodies Pivot(Major)
European Stocks Rally on Chinese Growth and Mining Merger Speculation
Geopolitical Shocks That Could Reshape Financial Markets in 2025
US Gas Market Poised for Supercycle: Bernstein Analysts
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
FxWirePro- Major European Indices
Urban studies: Doing research when every city is different
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
Bank of America Posts Strong Q4 2024 Results, Shares Rise
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 



