Daily Resistance + Broken bullish Pennant pattern 1h

Short

British Pound / Japanese Yen (FX:GBPJPY)

FX:GBPJPY British Pound / Japanese Yen

Trend Analysis Chart Patterns

trendanalysis chartpattern

My setup is illustrated on the 1h chart. Notice, the pair broke a pennant pattern with a considerable volume. The first target is the length of the pennant pole which happens to be the nearest support level . The second target can be the weekly support at 148.000

snapshot

Good luck, :)

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