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J.J. Edwards’ Expert Market Analysis at FenzoFx


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GBP/JPY Trades Lower After Breaching 198.0 Support

GBPJPY-2025-06-30-10-31-15-0b96c.png

FenzoFx—GBP/JPY declined from recent highs, currently trading around 197.3. The break below Friday’s 198.0 low intensified the downtrend, with the pair nearing a key support at 196.9.

A temporary rebound toward 198.0 is possible before the downtrend resumes toward 196.0. The bearish outlook is invalidated if GBP/JPY breaks above 198.9.  

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Bitcoin Eyes $110K Target Above Key Support Level

BTCUSD-2025-06-30-10-46-02-12b28.png

FenzoFx—Bitcoin trades slightly below last week’s high near $107,660.0, while RSI 14 shows bearish divergence without a clear downward move.

Immediate support is at $107,230.0, and resistance at $108,550.0. If BTC closes above resistance, a rally toward $110,651.0 may follow. The bullish outlook remains valid as long as the price stays above $104,681.0.  

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