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GBPJPY: Bullish Pattern... Again! 🇬🇧🇯🇵

Long
British Pound / Japanese Yen (OANDA:GBPJPY)  
VasilyTrader  
OANDA:GBPJPY   British Pound / Japanese Yen
Candlestick Analysis Support and Resistance Cup And Handle GBPJPY priceaction priceactionanalysis priceactiontrading priceactionstrategy pound yen japaneseyen Contains image
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candlestick supportandresistance cupandhandle gbpjpy priceaction priceactionanalysis priceactiontrading priceactionstrategy pound yen japaneseyen containsimage
snapshot

No surprise, GBPJPY is trading in a bullish trend.
However, after the price reached, 183.77 level at the end of June,
the pair started to consolidate.

The market formed a cup and handle pattern on 4H time frame.
Its neckline breakout will be a very strong trend-following signal.
4H candle close above 183.88 will confirm the breakout.

A bullish continuation will be expected to 184.5 level then.

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