Buy GBP/JPY Symmetric Triangle

Jul 30The GBP/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.

Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 198.05

Target Levels:
1st Resistance – 200.71
2nd Resistance – 202.43

Stop-Loss: To manage risk, place a stop-loss order below 196.20. This helps limit potential losses if the price falls back unexpectedly.

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Best Regards, KABHI FOREX TRADING
Thank you.

Jul 30

Trade active

Jul 30

Comment

Jul 31

Trade closed: stop reached