📈 GBPJPY – Bullish Breakout | Long Setup Active 🇬🇧💴
GBP/JPY is showing a clear bullish structure on the 1H chart. Price has broken above a key resistance zone and reclaimed the 200 EMA with strong momentum and volume. This marks a potential trend reversal and the beginning of an uptrend.
🔹 Entry: 193.400
🔹 Stop Loss: 192.935 (below recent support)
🔹 Take Profit: 195.720
🔹 Risk/Reward: Solid R:R setup
🔹 Confirmation: EMA flip + bullish engulfing candle + strong volume
Looking for a minor pullback to the breakout zone for continuation. Bullish bias remains valid as long as price stays above 193.000.
📊 #GBPJPY #Forex #TradingSetup #PriceAction #TechnicalAnalysis #FXTrading #BreakoutTrade #EMA200 #Bullish #JPY #BritishPound #TrendReversal
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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.