GBPJPY is forming a change of locational trend. The H&S pattern sends the currency pair towards 160.000.
A triangle pattern is forming on the chart, 159.950-160.200 is as resistance.
The local trend is bullish and a break-up of the triangle resistance is a priority and it is interpreted as the buyers pressure on the limit resistance.
I expect that after the end of the price consolidation in the triangle, the resistance of the pattern will be broken. Short-term target - resistance 160.84, Medium-term target - liquidity zone 161.61
Regards R. Linda!
A triangle pattern is forming on the chart, 159.950-160.200 is as resistance.
The local trend is bullish and a break-up of the triangle resistance is a priority and it is interpreted as the buyers pressure on the limit resistance.
I expect that after the end of the price consolidation in the triangle, the resistance of the pattern will be broken. Short-term target - resistance 160.84, Medium-term target - liquidity zone 161.61
Regards R. Linda!
Trade closed: target reached:
Result: +80 pips
Trade active
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NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com