GBPJPY: Ready to Climb Higher
GBPJPY had been consolidating in a sideways range for about a week before witnessing a strong bullish breakout today. This surge has turned the pair bullish.
On the 4-hour chart, the price successfully broke above a key resistance level within the range, supported by a strong momentum candle.
With this breakout, further upside movement is expected, with potential targets at 190.48 and 190.98.
On the 4-hour chart, the price successfully broke above a key resistance level within the range, supported by a strong momentum candle.
With this breakout, further upside movement is expected, with potential targets at 190.48 and 190.98.
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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.