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GBPJPY Wedge Breakout and Long Opportunity

GBPJPY Wedge Breakout and Long Opportunity

GBPJPY broke the falling wedge on the H1 Chart. That is a bullish continuation chart pattern and can be used as a buying opportunity. Breakout of 145.700 will accelerate the bullish move.

Our Trade Signal:


Trade: Long

Entry: 145.300

Stop: 145.000

Target 1: 145.700 / Reached

Target 2: 146.000 / Reached

Target 3: 146.400 / Reached

Targets Reached & Trade Closed

Result: 100 Pips Profit



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

GBPJPY: 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

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