GBPJPY Bullish Continuation
Following last weeks bullish breakout of the flag that had formed. The price now has pullbacked and consolidated, getting ready for its next move. On the hourly timeframe this can be seen, this corrective structure is beginning to look like a bullish flag. The breakout of this structure will determine either a continued bullish outlook or and even deeper correction is taking place.
Trade closed: target reached
After some extra corrective structure the bullish impulse did take place
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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.