GBPJPY - Watch this Potential Trade Setup
Our scenario
After a bearish sequence, the GBPJPY 1-hour chart shows bounce signals. The double bottom pattern provides us with the possibility of a potential bounce. Once the price broke up and soared over the previous daily high, we foresee that the cross could start a bullish cycle. Our scenario will activate if the GBPJPY breaks and closes above 129.816. The potential targets are at 131.624 and 132.771. The invalidation level is at 128.474.
After a bearish sequence, the GBPJPY 1-hour chart shows bounce signals. The double bottom pattern provides us with the possibility of a potential bounce. Once the price broke up and soared over the previous daily high, we foresee that the cross could start a bullish cycle. Our scenario will activate if the GBPJPY breaks and closes above 129.816. The potential targets are at 131.624 and 132.771. The invalidation level is at 128.474.
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