GBPJPY: Trend is still bullish

Cập nhật
From a technical point of view, the trend is bullish on intraday chart, and GBPJPY pair could trigger another bullish leg in the short term. If we look on 1H chart, the price remains within a narrow trading range, and this means volatility compression. In this technical context, if the price remains above 184.552 a breakout on the bullish side should be logical. If this happens, we will need to look for potential Targets and in this case the formation of a Harmonic Pattern could help us. If we look at the harmonic structure (for us it's bullish) in the window, we see 2 Targets: 186.34 and 186.83.

HARMONIC PATTERN ZOOM
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TRADING STRATEGY
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If this analysis is correct, wait for the completion of wave 1 and try to take a long position on retracement, with stop loss below wave 1 or better below 184.552


Trade with care
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Ghi chú
🔴 Double Top Pattern or Bullish Breakout?
Ghi chú
🔴 Bullish Breakout
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Đóng lệnh: đạt mục tiêu
Target 1 hit.
ảnh chụp nhanh

ảnh chụp nhanh
Ghi chú
🔴 Trend is still bullish
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Đóng lệnh: đạt mục tiêu
🚀 Target 2 hit
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ảnh chụp nhanh
ảnh chụp nhanh
Ghi chú
🔴 Trend is bullish
Bullish PatternsForexGBPGBPJPYHarmonic PatternsjpysupporttrendTrend AnalysisWave Analysis

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