GBP/JPY Ascending Channel Formed – Bullish Breakout Anticipated
The GBP/JPY pair has formed a well-defined ascending channel, signaling potential upward momentum. A bullish breakout is expected as the price tests the upper resistance of the channel. Traders are advised to watch for a strong candle close above the resistance level to confirm the breakout. Volume spikes and a retest of the resistance-turned-support could strengthen the bullish continuation.
Trade closed: target reached
TARGET DONE!
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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.