GBPJPY making a bullish flag on Daily time frame
GBPJPY was up on Tuesday after testing the low level of 196.44 in the last trading session as the Japanese yen fell on Monday, trading close to a five-month low and raising the possibility of intervention by Japanese authorities. While the currency saw a modest recovery on Friday, supported by strong inflation data, the yen continued to struggle as uncertainty lingered about when the Bank of Japan would next raise interest rates.
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