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GBPJPY - Cup and Handle Formation
British Pound / Japanese Yen
Long
GBPJPY - Cup and Handle Formation
By sooshiz
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Mar 31, 2022
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Mar 31, 2022
GBPUSD
is showing a beautiful cup and handle pattern, which is great for longs.
Conservative entry would be at the breakout of the handle. Be careful on position sizing as MACD doesn't seem to be in the favor of bulls.
Take Profit level to be slightly before major resistance levels at $161.373 as it was at this level that price formed a double top previously.
Happy Trading
Chart Patterns
Cup And Handle
cupandhandlepattern
GBPJPY
gbpjpyanalysis
gbpjpylong
Trend Analysis
sooshiz
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