GBP/JPY - Triangle Breakout (Weekly Forecast Feb 24-28)

Feb 23

The GBP/JPY Pair on the H4 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.

Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.

Target Levels:
1st Support – 185.04
2nd Support – 182.94

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Feb 23

Trade active

Take entry