At the 30-minute timeframe, support and resistance levels have been identified. A sell signal triggers if the price breaks below support, while a buy signal emerges if it surpasses resistance. Additionally, keep an eye out for the upcoming data release at 12:30pm IST: Claimant Count Change. Expected to be a higher figure compared to the previous release. Should the actual data exceed expectations, it may bolster currency strength, potentially propelling GBPJPY prices upward.
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Analysis