Forex48_TradingAcademy

GBPJPY Change of the structure - Long setup!

Long
OANDA:GBPJPY   Livre sterling / Yen japonais
On this pair, we have a bearish setup on the H4 timeframe, with the price reaching the 183.38 area where it created a spike on a swing low. This false breakout has provided the market with a bullish momentum that could lead the price to break the bearish trendline, potentially pushing it to the 184.70 area as the first target, followed by 185.70 as the second target. Let me know your perspective on this market, drop a like, and comment to support our work. Happy trading to everyone.

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