RLinda ! GBPJPY-> Rising Triangle. Waiting for a breakout?
GBPJPY is in a global uptrend phase, due to the weakening of the yen and a difficult economic situation on the back of rising inflation, settlement efforts and other factors
On the global chart, we see a gradual growth and a smooth transition to the sideways range between resistance 168,500 - 158,500, the price around resistance is forming a consolidation, for a possible breakdown
On the local chart we see a local rising price channel and price entry range between 169.344 - 165.546,
Between the local highs and lows the price forms an ascending triangle against the resistance 169.34. The buyers show their strength and form a pre-breakdown trading, waiting for a breakdown.
In the nearest future I expect breakdown of resistance with further growth, the medium-term target is resistance 174.5
Regards R. Linda!
On the global chart, we see a gradual growth and a smooth transition to the sideways range between resistance 168,500 - 158,500, the price around resistance is forming a consolidation, for a possible breakdown
On the local chart we see a local rising price channel and price entry range between 169.344 - 165.546,
Between the local highs and lows the price forms an ascending triangle against the resistance 169.34. The buyers show their strength and form a pre-breakdown trading, waiting for a breakdown.
In the nearest future I expect breakdown of resistance with further growth, the medium-term target is resistance 174.5
Regards R. Linda!
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NO‼️
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Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
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🔴Contact:
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🧿Web: rlinda.com
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