RLinda ! GBPJPY-> The bulls are going against resistance at 160

9 Jan 2023

GBPJPY is forming a change of locational trend. The H&S pattern sends the currency pair towards 160.000.

A triangle pattern is forming on the chart, 159.950-160.200 is as resistance.
The local trend is bullish and a break-up of the triangle resistance is a priority and it is interpreted as the buyers pressure on the limit resistance.

I expect that after the end of the price consolidation in the triangle, the resistance of the pattern will be broken. Short-term target - resistance 160.84, Medium-term target - liquidity zone 161.61

Regards R. Linda!

9 Jan 2023

Dagangan ditutup: sasaran tercapai

Result: +80 pips

12 Jan 2023

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