Looking at our chart, we can see that there is still a great upward potential for GBPJPY. We managed to see small retracement as price made a strong BULLISH climb. Currently, there is no sign of stopping as we failed to see confirmation candle for a BEARISH retracement. In fact, price seems to be BULLISH as we managed to see a crucial rejection off our EMA, MA and ichi cloud. Also, looking at the previous high, price failed to test the resistance level @153.77. With that, I am expecting a minimal movement to that resistance level with a high possibility of a breakout as price head towards the next level.
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