The GBPJPY currency pair is in an uptrend

  • May 14 2021
  • by
  • Analyst AZA
The GBPJPY currency pair is in an uptrend

The GBPJPY currency pair is in an uptrend on Forex

If you look at the chart of the GBPJPY currency pair, you will see that it is in an upward trend. If we consider this trend from the point of view of technical analysis, then a triangle pattern will be visible, which is directed upwards in the direction of the main trend. It would be better to take profit at the strong level of 155.00 because many different orders will be concentrated on it.

Symbol: GBPJPY
Order Type: Pending Order - Buy Stop
Entry Price: 154.45
Take Profit: 155.00
Pips Earning: 55

img
The profit can be $523.81 if the trading volume of 100000 GBP (1 Lot).

Promotions

Trading Analytics

Be one step ahead of the market

imgaza youtube

Profitable trading recommendations, forex analytics for beginners traders

Subscribe our channel

top authors

Technical analyst

Tim Brykov
Technical analyst

Fundamental analyst

Stan Zabar
Fundamental analyst

Head of Analysis Department

Michael Wallenberg
Head of Analysis Department

Economic Observer

Alan Dofine
Economic Observer

Call US Feedback
en de nl fr pt es it uk zh ko ja ar tr hi yi ru