Breakout Patterns PremiumClosed TradesCompleted Breakout PatternsCup and Handle PatternCurrenciesCurrencies PremiumEmerging PatternsForming Breakout PatternsFX MINORS Trade Ideas PremiumGBPJPY Technical AnalysisIntraday Forex SignalsPremiumTechnical AnalysisTrade Setups

GBPJPY H1 Chart: Cup And Handle Pattern

GBPJPY H1 Chart: Cup And Handle Pattern

GBPJPY is printing a Cup & Handle Pattern on the H1 Chart.

The neckline of the cup is 144.460. 144.530 is capped by SMA 100 and the fractal trendline.

Safe entry for the long trade would be to wait for the breakout of 144.530.

Trade: LOng

Entry: 144.540

Stop: 144.300

Target 1: 144.720  / Reached

Target 2: 144.920

Extended Target: 145.100

Note: BoE Gov. Carney will have a speech. It may create volatility on the GBP pairs.

Update: TP1 Reached



Subscribe to our premium packages if you would like to get 1000+ instruments analysis and trade signals of Chartreadreadepro.

Discord Channel

You can contact us via Skype User Name: Chartreaderpro

DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

XAUUSD Gold: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

Show More

Related Articles

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.