GBP/JPY remains firm below the 193.00 barrier following UK CPI data

GBP/JPY remains firm below the 193.00 barrier following UK CPI data

Sentiment is: Negative

Technical Analysis

A Channel Up pattern was identified on GBP/JPY at 192.639, creating an expectation that it may move to the resistance line at 193.3562. It may break through that line and continue the bullish trend or it may reverse from that line.

GBP/JPY - Reversal Chart Pattern - Channel Up

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