The GBP/JPY 4H chart shows a bullish breakout from an ascending triangle pattern. After breaking above the resistance near 197.5, the price retested the zone and held firmly. This successful retest confirms buyer strength and continuation of the uptrend. The next potential target is around 199.793.
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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.