GBP/JPY momentum is supportive for attempt higher

On the 4hr GBP/JPY chart, the MACD has moved above zero making the near-term structure supportive for an attempt higher.

Such a momentum indication, unseen for at least for 30 periods, indicates that key price breaks are on the horizon. There is a real threat of GBP/JPY rate moving now considerably higher as buyers may get aggressive in the short term.

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