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FX.co ★ GBPJPY M5: Bullish Flag

GBPJPY M5: Bullish Flag

Bullish FlagThe Bullish Flag pattern has been formed on GBPJPY at M5. The lower boundary of the pattern is located at 211.37/211.37, while the higher boundary lies at 211.47/211.47. The projection of the flagpole is 31 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 211.47 is broken, the price will move further upwards.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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