GBP/JPY Structure Breakout / Top-Down Analysis
🔸4H CHART EXPLANATION:
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🔸Price bounced at the Resistance Zone and broke the Ascending Channel.
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🔸After that, it has consolidated on a corrective structure for some days and finally broke it last night. We have posted an idea some days ago explaining that we were waiting for a breakout (you can check it on our feed).
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🔸Now, we consider that it has potential to reach the Support Zone.
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🔸 Will be updating this idea if price makes some interesting move.
🔸DAILY CHART ANALYSIS:
.
.
🔸Price bounced at the Resistance Zone and broke the Ascending Channel.
.
🔸After that, it has consolidated on a corrective structure for some days and finally broke it last night. We have posted an idea some days ago explaining that we were waiting for a breakout (you can check it on our feed).
.
🔸Now, we consider that it has potential to reach the Support Zone.
.
🔸 Will be updating this idea if price makes some interesting move.
🔸DAILY CHART ANALYSIS:
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