GBP/JPY Forecast: Analyzing the Future Outlook

Last week, the asset saw a downward movement, although it didn’t reach our entry before the movement. Throughout, we held onto the hope that the price would reach our entry point for an upward move, which it eventually did. Our analysis relies on retracements within crucial support and resistance zones. The chart indicates our outlook for the upcoming week with an arrow. Stay tuned for more updates throughout the week.