GBPJPY-SWING

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  Analysis of Bullish Trends on JPY Pairs
  
  
• Bullish trends observed on JPY pairs, indicating potential upward movement.
  
• Market broke major resistance levels, including the previous 4-year resistance and 6-month high.
  
• Current market sentiment suggests a 1-2 RTM pattern on a 3-month timeframe.
  
• Similar pattern seen on the weekly and daily timeframes, with the market nearing previous daily highs.
  
• Friday's trading indicates potential increase in volume as traders position for the weekend.
  
  
• Previous day's high remains untested, marking a critical resistance level.
  
• Breakout of a head and shoulders pattern on the 1-hour timeframe suggests a buying opportunity.
  
• Recommended to place buy stops above the current shoulder level to capture upward
  
• movement.