Technical analysis of GBP/JPY for July 11, 2018

From the 4-hour chart, we can see clearly that the GBP/JPY pair is moving in a bullish bias. This has already been spotted by the price above the 21-period moving average. However, there is a possibility for this pair to make correction to 146.09 in the short term. As long as the price does not break out and close below 145.15, the pair is likely to trade higher.

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