GBP/JPY Bullish momentum : Trading the A.c & key value areas

5 thg 10, 2024

In my view, GBP/JPY is showing strong bullish momentum within a well-defined ascending channel. This structure provides clear boundaries for potential pullbacks and rallies. The FVG suggests the possibility of a gap-fill before continuing upward. Additionally , key Value Areas - with VAH (193.041) as resistance and VAL (190.511) as support -highlight strategic entry and exit points. A breakout above the recent high at 196.07 would signal further bullish continuation.

Wishing everyone a successful trading week ahead.


https://www.tradingview.com/x/jAbSRqBr/