GBPJPY: Waiting For a Bullish Signal
GBPJPY: Waiting For a Bullish Signal
GBP/JPY OANDA:GBPJPY
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GBPJPY is currently at the top of an ascending triangle pattern on the 4-hour chart. This formation is typically a strong indicator of a bullish trend.
A breakout above the neckline, which is a 4-hour candle closing above 200.00, would confirm this bullish trend. If this breakout occurs, we can expect the price to potentially rise to 201.00 next.
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