“¢ The cross built on the overnight bullish break through a short-term descending trend-channel and continued gaining positive traction for the third consecutive session on Friday.
“¢ The positive momentum remained supported by bullish technical indicators on hourly charts and lifted the cross further beyond the 146.00 handle, or fresh weekly tops in the last hour.
“¢ Meanwhile, oscillators on the daily chart are yet to catch up with the positive momentum and warrant caution before placing aggressive bullish bets amid persistent Brexit uncertainties.
“¢ Having said that, a strong follow-through buying has the potential to continue fueling the ongoing bullish trajectory and lift the cross towards monthly tops, around the 147.20 region.
GBP/JPY 4-hourly chart
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