GBP/JPY Rebounds on UK Q1 GDP Growth - Bullish Momentum Builds

In the European morning on Friday, GBP/JPY continues its recovery momentum and is climbing towards the 169.000 level after the release of UK data indicating a 0.1% growth in Q1 GDP. Additionally, both Industrial Production and Manufacturing Production saw expansions of 0.7% in March. On the technical side, GBP/JPY experienced a rebound on the dynamic trendline that is in conjunction with the 61.8% Fibonacci level. Notably, the dynamic trendline has served as a support in the past and allowed the price to rebound. With this in mind, our idea revolves around a fresh long impulse towards the maintrend in a pure swing trading setup.

تم فتح الصفقة:

The GBP/JPY appears to be continuing its bullish rally, with the immediate target of 171.000 within reach.

تعليق:

✅ First Take profit Archived , running for TP2 !

تعليق:

تم فتح الصفقة:

أغلقت الصفقة: تم الوصول للهدف

تعليق:

أغلقت الصفقة: تم الوصول للهدف: