Last Updated Date: 7 June 2022 @ 9:42 AM (UTC)
*Please note that all the dates are in GMT time zone
The GBPJPY market is triggering a short term upturn, looking for attempts to extend rallies and attack the previous swing high peaking levels. A breakout over the 166.42 swing high signals a stretch to 168.43. Minor corrective dips should only last 1-2 days at this stage of the drive and likely fight to rebound from 164.17. A close under 164.10 is bearish and suggests a secondary selling wave.