GBPJPY

We have a trading confluence evidenced by the rising equidistant channel and the symmetrical triangle. Price broke out on the upside of the triangle, emphasizing the fact that we’re still in an uptrend(price is within the ascending channel).

SUMMARY.

Zooming in to a lower time frame for further price action confirmation is ideal and necessary.


Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.