SYMMETRICAL TRIANGLE Completion: A potential breakout scenario for GBP/JPY involves the currency pair moving sharply out of a symmetrical triangle pattern. If the pair breaks above the upper trendline, it could signal a bullish move, with traders targeting higher resistance levels. Conversely, a break below the lower trendline may indicate a bearish trend, prompting a search for support levels.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.