From TradingView · · 40s
GBPJPY buy opportunity
GBPJPY shows strong buy potential with reversal pattern confirmation.
In brief
GBPJPY shows strong buy potential with reversal pattern confirmation. GBP/JPY is expected to rise after breaking support with reversal pattern confirmation. Originally reported by TradingView.
GBP/JPY analysis
In today's trading session we are looking at GBP/JPY from top down analysis.
Monthly and weekly outlook
The monthly timeframe is bullish while the weekly timeframe shows price at support.
H4 reversal pattern
From H4 timeframe we identified REVERSAL PATTERN (TRIPPLE BUTTON).
“REVERSAL PATTERN (TRIPPLE BUTTON)”
Neckline break confirmation
Price successfully broke the neckline and got H1 entry confirmation.
Buy signal
We believe price is going to buy with high probability.
What it means
GBP/JPY is expected to rise after breaking support with reversal pattern confirmation.
