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BlackWatch01

Bullish Momentum Unleashed: A Daily Analysis of GBP/JPY's Promis

Long
British Pound / Japanese Yen (FX:GBPJPY)  
BlackWatch01  
FX:GBPJPY   British Pound / Japanese Yen
Support and Resistance Supply and Demand Pivot Points GBPJPY gbpjpylong gbpjpyanalysis signals signalservice signalsprovider priceaction patterntrading trendtrading
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supportandresistance supplyanddemand pivotpoints gbpjpy gbpjpylong gbpjpyanalysis signals signalservice signalsprovider priceaction patterntrading trendtrading
Hello traders, this is a daily analysis of GBP/JPY on a daily timeframe. We are clearly in a bullish trend, marked by consistent Higher Highs and Higher Lows. There's no confirmation of a reversal as of now. Additionally, we observe a kind of channel formation moving to the upside. By aligning two points upside and two points downside, we can see that the current movement is still bullish.

We anticipate the trend to continue, aiming for a break of previous highs. Furthermore, we expect a breakout of the channel to reach the BSL (Breakout and Support Line). For the monthly points, our targets are set at 186.76 for the first point and 195.99 for the second point. Keep a close eye on the charts for potential confirmations and adjustments.

Happy trading!

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