BluetonaFX - GBPJPY Ascending Triangle Pattern
Hi Traders!
GBPJPY is in an ascending triangle and is heading for the 183 handle.
Price Action 📊
The market is currently in an ascending triangle with higher highs and higher lows. After the low price rejection, the market has shown bullish price action signs. The market is also currently trading with momentum; the 20 EMA has just been broken with momentum, and we are looking for a close above it.
Fundamental Analysis 📰
The BoJ disappointed the markets with its underwhelming stance on the yield curve. The bank stated that they will maintain the target level of 10-year Japanese government bond (JGB) yields at around zero percent.
Support 📉
180.770 PREVIOUS DAY'S LOW
Resistance 📈
183.758: PREVIOUS WEEK'S HIGH
184.392: RANGE ZONE HIGH
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
GBPJPY is in an ascending triangle and is heading for the 183 handle.
Price Action 📊
The market is currently in an ascending triangle with higher highs and higher lows. After the low price rejection, the market has shown bullish price action signs. The market is also currently trading with momentum; the 20 EMA has just been broken with momentum, and we are looking for a close above it.
Fundamental Analysis 📰
The BoJ disappointed the markets with its underwhelming stance on the yield curve. The bank stated that they will maintain the target level of 10-year Japanese government bond (JGB) yields at around zero percent.
Support 📉
180.770 PREVIOUS DAY'S LOW
Resistance 📈
183.758: PREVIOUS WEEK'S HIGH
184.392: RANGE ZONE HIGH
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
Comment:
Market now near the 183.758 level
Comment:
183.758 Level Reached