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Ryan_lopes
Mar 19, 2020 12:13 PM

RECTANGLE CHANNEL BREAKOUT IN GBPJPY (H1) Long

British Pound/Japanese YenFXCM

Description

Hello guys, here is our analysis on GBPJPY. As we can see that the pair was in a rectangle channel for a long time and now has broken out of it. Itt started its journey on upward side. As you can see in the chat that the black line is the possible move that it the pair can go till the resistance.

One can buy by keeping TP=128.800 and SL= 126.046

Views welcome. Thanks.

Ryan.R.Lopes

Trade closed: target reached

Enjoy your weekends
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