FX.co ★ GBP/JPY

The trading instrument GBP/JPY is showing bullish strength, reflected in an upward trend on the m30 timeframe. The CCI oscillator is above zero, confirming the potential for further growth. The optimal entry point for a position is considered to be near the lower boundary of the trend channel, which in this case is approximately around the level of 198.65. In my forecast, the currency pair could rise to levels of 199.27 and 199.58. Upon reaching the first level, it is recommended to close a significant portion of the position to lock in profits.