GBPJPY Completed a Bullish Triangle Pattern
A breakout from this triangle pattern signals strong bullish movement.
The expected price movement suggests two key targets—190.55 ; 191.30 and 193.20
Given the current price at 189.65, the upward projection implies bullish sentiment and increasing buying pressure.
The only enemy of this clear bullish setup is BOJ.
Seen only from a technical point of view, GBPJPY has a great setup.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
A breakout from this triangle pattern signals strong bullish movement.
The expected price movement suggests two key targets—190.55 ; 191.30 and 193.20
Given the current price at 189.65, the upward projection implies bullish sentiment and increasing buying pressure.
The only enemy of this clear bullish setup is BOJ.
Seen only from a technical point of view, GBPJPY has a great setup.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trade active
GBPJPY +150 pips and near to the second target
Note
+150 pips and it should rise even more in this way. GBPJPY is near to the second target. UK March retail sales +0.4% vs -0.4% expected. These strong data could support GBJPY to rise further. The second target is to near but it may extend even for the third target today.
Trade closed: target reached
Note
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✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.