RLinda ! GBPJPY-> The bulls are going against resistance at 160
GBPJPY is forming a change of locational trend. The H&S pattern sends the currency pair towards 160.000.
A triangle pattern is forming on the chart, 159.950-160.200 is as resistance.
The local trend is bullish and a break-up of the triangle resistance is a priority and it is interpreted as the buyers pressure on the limit resistance.
I expect that after the end of the price consolidation in the triangle, the resistance of the pattern will be broken. Short-term target - resistance 160.84, Medium-term target - liquidity zone 161.61
Regards R. Linda!
A triangle pattern is forming on the chart, 159.950-160.200 is as resistance.
The local trend is bullish and a break-up of the triangle resistance is a priority and it is interpreted as the buyers pressure on the limit resistance.
I expect that after the end of the price consolidation in the triangle, the resistance of the pattern will be broken. Short-term target - resistance 160.84, Medium-term target - liquidity zone 161.61
Regards R. Linda!
Trade closed: target reached
Result: +80 pipsTrade active
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🌹TRADING is a CASINO💔!?
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Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
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🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
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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.