The GBP/JPY pair is currently in a consolidation phase, forming an ascending triangle pattern. The price action shows a consistent formation of higher lows, indicating potential momentum for an upcoming breakout. A buying opportunity may arise if the price breaks above the key level of 197.149. It is essential to prioritize risk management when considering this trade.
Trade active
Entry triggered
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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.