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Figure Heloc 
GBP/JPY rises during the North American session on Monday, up by 0.24% after recovering from hitting daily lows of 209.10 amid risk aversion spurred by the Middle East conflict between the US and Iran. At the time of writing, the cross-pair trades at 210.98, about to overcome the 211.00 hurdle.
💡 DMK Insight
GBP/JPY’s 0.24% rise signals potential bullish momentum, especially as it approaches the key 211.00 level. Traders should note that this uptick comes amid heightened risk aversion linked to geopolitical tensions, particularly the US-Iran conflict. The recent low of 209.10 suggests a strong support level, and if GBP/JPY can decisively break above 211.00, it could trigger further buying interest. Look for volume spikes around this level, as they could indicate institutional participation. However, be cautious; if the geopolitical situation escalates, it could lead to a swift reversal, impacting not just GBP/JPY but also correlated pairs like EUR/JPY and AUD/JPY. Keep an eye on the daily chart for any signs of consolidation above 211.00, which could set the stage for a more sustained rally. Conversely, a failure to hold above this level might lead to a retest of 209.10, so traders should be ready to adjust their positions accordingly.
📮 Takeaway
Watch for GBP/JPY to break above 211.00 for potential bullish momentum; failure to hold could see a drop back to 209.10.
