RLinda ! GBPJPY-> Rising Triangle. Waiting for a breakout?

1 166
GBPJPY is in a global uptrend phase, due to the weakening of the yen and a difficult economic situation on the back of rising inflation, settlement efforts and other factors
snapshot
On the global chart, we see a gradual growth and a smooth transition to the sideways range between resistance 168,500 - 158,500, the price around resistance is forming a consolidation, for a possible breakdown

On the local chart we see a local rising price channel and price entry range between 169.344 - 165.546,
Between the local highs and lows the price forms an ascending triangle against the resistance 169.34. The buyers show their strength and form a pre-breakdown trading, waiting for a breakdown.

In the nearest future I expect breakdown of resistance with further growth, the medium-term target is resistance 174.5

Regards R. Linda!

Clause de non-responsabilité

Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.