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British Pound / Japanese Yen
Long
Updated

GBPJPY Potential Up Trend Continuation

213
GBPJPY is forming a bullish trend, marked by higher highs and higher lows on the 1H timeframe. Recently, it broke and closed above the 195.600 resistance zone, a level that had been tested multiple times. Following this breakout, the market could surge toward the upper boundary of the channel. Given the choppy market behaviour since the beginning of October, this breakout could potentially be significant. The target is the resistance zone around 196.900
Trade closed: target reached
GBPJPY Target reached!

Price went up over 150 pips since the analysis was published!
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ForexforexmarketforexsignalsforextradingGBPJPYsignalprovidersignalsproviderSupport and ResistancetradingsignalsTrend AnalysisTrend Lines
RTED_Investing
Website - rtedinvesting.com/
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Also on:

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.