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fxJul 7, 2026, 1:56 AM

GBP/JPY Breaks to New High, Bullish Trend Confirmed

GBP/JPY has decisively broken to a new high, confirming the ongoing bullish trend and pointing to further upside according to Elliott Wave analysis.

GBPJPY

The GBP/JPY currency pair has broken decisively to a new high, confirming the prevailing bullish trend. This move reinforces the presence of a bullish sequence that favors continued upside momentum.

Analysts using the Elliott Wave framework view this break as a key confirmation of the uptrend. The pair's price action suggests the market remains in a bullish phase, with further gains likely.

Traders are watching for pullbacks to offer potential entry points in line with the broader trend direction.

Source: FXStreet Forex News