On the GBPJPY chart, a Double Bottom pattern followed by a bullish candlestick formation provides a strong signal that the price is likely to continue rising.
Trading Setup:
- Entry Buy: 199.000
- Take Profit (TP): 199.404
- Stop Loss (SL): 198.734
Current price momentum suggests potential for further upward movement. However, as always, it is recommended to conduct further analysis and ensure proper risk management before entering a position.
*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.
The best investment is an investment in knowledge. Start your journey to trading success with a Masterclass Trading Webinar every Friday. Join now!