GBP/JPY 2H Chart – Bullish Breakout Setup
The pair is forming a descending channel, indicating potential bullish pressure building up. Price is consolidating near the lower boundary, suggesting a breakout opportunity.
Entry Idea: Watch for a confirmed breakout above the channel resistance around 198.78.
Target: 200.000
Stop Out Level: Below 198.000
This is an educational idea, not financial advice. Always manage risk and confirm setups with your own analysis.
The pair is forming a descending channel, indicating potential bullish pressure building up. Price is consolidating near the lower boundary, suggesting a breakout opportunity.
Entry Idea: Watch for a confirmed breakout above the channel resistance around 198.78.
Target: 200.000
Stop Out Level: Below 198.000
This is an educational idea, not financial advice. Always manage risk and confirm setups with your own analysis.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.