British Pound / Japanese Yen
Long
Updated

Lingrid | GBPJPY range BREAKOUT. Long from SUPPORT zone

1 773
The price perfectly fulfilled my last idea. It reached target level. Overall, GBPJPY is forming a bullish trend, characterized by higher highs and higher lows on the 1H timeframe. Recently, it broke and closed above the resistance zone around 195.600, a level that had been tested multiple times. Following this breakout, I anticipate that the market may surge upwards toward the upper boundary of the channel. It's important to note that the market has been choppy since the beginning of October, suggesting that the breakout could be substantial. My goal is resistance zone around 196.900

Lingrid | GBPJPY Trend Continuation Opportunity. Long


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Trade closed: target reached
The market hit the tp 🤝
snapshot

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