GBPJPY is maintaining a strong bullish structure on the 1-hour timeframe after breaking out from a descending channel and establishing a series of higher highs and higher lows. The breakout was followed by a successful retest, with price finding support along the rising trend channel and remaining above the Ichimoku Cloud.
Momentum continues to favor buyers as the pair trades above key dynamic support levels. The recent impulsive move suggests that bulls are targeting the next major resistance area highlighted above current price action.
Target: 🎯 215.75 – 215.85 Resistance Zone
Bullish Factors:
Breakout from the descending channel confirmed
Price holding above the Ichimoku Cloud
Ascending channel providing dynamic support
Strong sequence of higher highs and higher lows
Buyers maintaining control after the retest
Invalidation:
A break below the ascending channel support and a move back under the Ichimoku Cloud would weaken the bullish outlook.
Momentum continues to favor buyers as the pair trades above key dynamic support levels. The recent impulsive move suggests that bulls are targeting the next major resistance area highlighted above current price action.
Target: 🎯 215.75 – 215.85 Resistance Zone
Bullish Factors:
Breakout from the descending channel confirmed
Price holding above the Ichimoku Cloud
Ascending channel providing dynamic support
Strong sequence of higher highs and higher lows
Buyers maintaining control after the retest
Invalidation:
A break below the ascending channel support and a move back under the Ichimoku Cloud would weaken the bullish outlook.
Trade ativo
ActiveTrade fechado: objetivo atingido
target is achieved 
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join this channel for free signals
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join this for trading education purpose
t.me/+EM2OGkUHG5g5MjA0
t.me/+EM2OGkUHG5g5MjA0
join this for trading education purpose
t.me/+EM2OGkUHG5g5MjA0
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.