GBPJPY Breakout of 194.72 or pullback?

GBPUSD, Daily

The asset gained ground above the EMA-200 and tested the critical resistance level, indicating the buyers' strength.

If the price breaks the level of 194.72, the growth may accelerate to 198.47.

However, if the price returns below the EMA-200 and consolidates below support at 194.04, the decline will resume at the 192.25 level.

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Author: FBS Analyst Team

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