GBPJPY Structural Break Signals Further Upside Potential
GBPJPY broke out of a strong structural area near 212.10 also creating a new all-time high.
The JPY has been very weak lately. This weakness can only be attributed to the chaos that the new Prime Minister is already creating. Since Takaichi was elected as the new Prime Minister, we have seen the JPY depreciate a lot.
Today, the Japanese Yen is under pressure from reports that Japan's Takaichi may call an early election and the BOJ uncertainty.
As long as the price has already broken above the structure zone, the chances of going further are increasing.
Targets:
🎯 213.00
🎯 214.00
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
GBPJPY broke out of a strong structural area near 212.10 also creating a new all-time high.
The JPY has been very weak lately. This weakness can only be attributed to the chaos that the new Prime Minister is already creating. Since Takaichi was elected as the new Prime Minister, we have seen the JPY depreciate a lot.
Today, the Japanese Yen is under pressure from reports that Japan's Takaichi may call an early election and the BOJ uncertainty.
As long as the price has already broken above the structure zone, the chances of going further are increasing.
Targets:
🎯 213.00
🎯 214.00
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade closed: target reached
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
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.