GBPJPY May Keep Growing! Here is Why: 🇬🇧🇯🇵

Panjang

Paun British / Yen Jepun (OANDA:GBPJPY)

OANDA:GBPJPY Paun British / Yen Jepun

parallelchannel trendline supplyanddemand swing swingtrading swingtrade swingtrader swingsetup gbpjpy pound yen japaneseyen

GBPJPY is trading in a bullish trend on a daily, perfectly respecting the boundaries of a rising parallel channel.
For some time, the price was respecting a wide horizontal supply area within the channel.
It was finally broken this week.

I believe that it may trigger a bullish continuation on the pair.
Next goal for buyers will be 168.7

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Penafian

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GBPJPY May Keep Growing! Here is Why: 🇬🇧🇯🇵

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