GBP/JPY Price Forecast – Inverse Head & Shoulders Breakout
GBP/JPY has formed a strong Inverse Head & Shoulders pattern on the 2-hour timeframe, signaling a potential bullish breakout. Patience is key—wait for a confirmed neckline breakout with a strong bullish candle before entering the trade. Once confirmed, this setup could lead to a significant price surge! 🚀
📊 Technical Analysis:
✅ 📈 Inverse Head & Shoulders – A bullish reversal pattern indicating trend change
✅ 📊 EMA 200 Support – The price is respecting this key moving average
✅ 🔎 Breakout Confirmation – A strong bullish candle above the neckline will confirm entry
🎯 Target Levels:
📌 194.80 – First target for short-term gains
📌 198.00 – Final extended target for a larger move
📢 Trading Strategy:
🔹 Wait for a confirmed breakout above the neckline before entering
🔹 Ensure strong bullish momentum & volume for a valid move
🔹 Hold the trade while price respects the trend
🔹 Set a stop-loss below the neckline for risk management
📈 The setup is looking strong—stay patient, follow the trend, and capitalize on the move! 💰🔥
📌 Like, comment & follow for more trading updates! 🔔🚀
📊 Technical Analysis:
✅ 📈 Inverse Head & Shoulders – A bullish reversal pattern indicating trend change
✅ 📊 EMA 200 Support – The price is respecting this key moving average
✅ 🔎 Breakout Confirmation – A strong bullish candle above the neckline will confirm entry
🎯 Target Levels:
📌 194.80 – First target for short-term gains
📌 198.00 – Final extended target for a larger move
📢 Trading Strategy:
🔹 Wait for a confirmed breakout above the neckline before entering
🔹 Ensure strong bullish momentum & volume for a valid move
🔹 Hold the trade while price respects the trend
🔹 Set a stop-loss below the neckline for risk management
📈 The setup is looking strong—stay patient, follow the trend, and capitalize on the move! 💰🔥
📌 Like, comment & follow for more trading updates! 🔔🚀
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Get high-accuracy signals daily with expert analysis and trend-based strategies. Stay ahead of the market and maximize your profits! 📈💰
📌 t.me/JosProTrader
🔥 Don’t miss out—join today! 🔔
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.
🚀 Join My Telegram Channel for Daily Signals!
Get high-accuracy signals daily with expert analysis and trend-based strategies. Stay ahead of the market and maximize your profits! 📈💰
📌 t.me/JosProTrader
🔥 Don’t miss out—join today! 🔔
Get high-accuracy signals daily with expert analysis and trend-based strategies. Stay ahead of the market and maximize your profits! 📈💰
📌 t.me/JosProTrader
🔥 Don’t miss out—join today! 🔔
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.