GBPJPY Hits +200 Pips After Classic Breakout – More Upside Ahead?
Description:
In a recent analysis shared here, GBPJPY followed through perfectly after breaking out of a bullish triangle pattern. The pair surged over +200 pips, breaching the key resistance zone around 191.00 and now trading near 193.20.
This breakout aligns with strong bullish momentum on the daily chart. While a minor pullback may occur, the next potential upside targets are 195.00, followed by the major 200.00 psychological level, where historical resistance lies.
As long as price holds above the 190.00 support zone, the bullish scenario remains valid. Traders may watch for intraday corrections to rejoin the uptrend.
Follow for more updates and trade setups across major FX pairs.
Description:
In a recent analysis shared here, GBPJPY followed through perfectly after breaking out of a bullish triangle pattern. The pair surged over +200 pips, breaching the key resistance zone around 191.00 and now trading near 193.20.
This breakout aligns with strong bullish momentum on the daily chart. While a minor pullback may occur, the next potential upside targets are 195.00, followed by the major 200.00 psychological level, where historical resistance lies.
As long as price holds above the 190.00 support zone, the bullish scenario remains valid. Traders may watch for intraday corrections to rejoin the uptrend.
Follow for more updates and trade setups across major FX pairs.
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.
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.