Potential Breakout in the GBP/JPY – Are you ready to catch quick 30 pips?
Arslan Butt•Thursday, September 13, 2018•1 min read
What’s up, fellas.
The market is a bit slow today and it’s because traders are awaiting the Bank of England and European Central Bank to release the interest rate decision. Anyway, we just shared a forex trading signal to buy GBP/JPY at 145.450 to target 145.750.
Actually, it’s an ascending triangle pattern breakout which is in play. The pair is likely to violate 145.400 resistance and this may lead it towards 145.750 or even higher. But it’s better not to hold the position until the BOE rate decision is out.
Support Resistance
144.65 145.65
144.17 146.17
143.17 147.17
Key Trading Level: 145.17
Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
Related Articles
Comments
0
0
votes
Article Rating
Subscribe
Login
Please login to comment
0 Comments
Oldest
Newest
Most Voted
Inline Feedbacks
View all comments
Sidebar rates
Add 3442
Related Posts
Add 3440

XM
Best Forex Brokers

