GBP/JPY is now uptrend mode. Which is faced resistance at 185.00 point and also faced strong support at 183.50 point. If this pair is break 185.00 level, my next target is 186.00, where its may be faced some resistance. Where is also complete ABCD Pattern. Arrow sign tell us the possible retracement level for this pair, I think, this may retrace from those arrow...
Gbp/Jpy create nice triangle in H4 TF . Its now stay above 50, 100, and 200 EMA which is indicate its now try to going upward mode. We can wait for this triangle breakout, if its breakout up, than I think gbp/jpy next target is 184.871 and if its break this level next target is 186.117. If did not wait for breakout , we can take this long position from 181.295...
A break of the TL could see the pair drop down to major support @ 181.00 However a breakout and retest would provide a good opportunity to get long.
GBP/JPY possible reversal
A beautiful ascending triangle on 4-hour chart. - Enter long @ 185,7 - SL @ 184,8 - Target @ 188
Please check weekly chart if you want to be more sure. Everything is on the chart! Feel free to comment :) Academy Investment A.i
Bought this pair on the retest of the trendline. Confirmation was doji/pin bar and bought the open of the next bar. Good R:R of 3:1.