GBPJPY - inverse SHS BREAKOUT & confirmed horizontal Support
Big inverse SHS formation formed and a got confirmed breakout on the 1h timeframe - first target at approx. 156.300.
If we fail to head upwards and break down again, first minor support is the lower rising channel line (red).
In the longer term, huge support in violet area and the lower green rising support line.
An upcoming huge long term resistance is the green multi-year downtrend line.
My Personal long entry was at 152.432 yesterday afternoon.
Stay safe y'all.
If we fail to head upwards and break down again, first minor support is the lower rising channel line (red).
In the longer term, huge support in violet area and the lower green rising support line.
An upcoming huge long term resistance is the green multi-year downtrend line.
My Personal long entry was at 152.432 yesterday afternoon.
Stay safe y'all.