{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/gbp-jpy-triangle-may-bring-continuation\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/gbp-jpy-triangle-may-bring-continuation\/","headline":"GBP\/JPY Triangle May Bring Continuation!","name":"GBP\/JPY Triangle May Bring Continuation!","description":"GBP\/JPY moves sideways in the short term as the Japanese Yen is still strong as long as JP225 maintains a bearish bias. Technically, the pair has developed a symmetrical triangle. This pattern could represent a continuation chart formation. The price tries to stabilize above the broken upside obstacles before resuming its upwards movement. GBP\/JPY needs […]","datePublished":"2021-07-06","dateModified":"2021-07-06","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/#Person","name":"Olimpiu Tuns","url":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/","identifier":19876,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/07\/gbpjpy.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/07\/gbpjpy.png","height":887,"width":1828},"url":"https:\/\/forexschoolonline.com\/gbp-jpy-triangle-may-bring-continuation\/","about":["GBP\/JPY"],"wordCount":210,"keywords":["GBPJPY","Technical Analysis","Trade Setup"],"articleBody":"GBP\/JPY moves sideways in the short term as the Japanese Yen is still strong as long as JP225 maintains a bearish bias. Technically, the pair has developed a symmetrical triangle. This pattern could represent a continuation chart formation.The price tries to stabilize above the broken upside obstacles before resuming its upwards movement. GBP\/JPY needs a bullish spark to be able to develop important growth. The Japanese Average Cash Earnings and the Household Spending could bring something in the early morning.GBP\/JPY moves sideways after escaping from the descending pitchfork\u2019s body. Failing to approach and reach the median line (ML) could signal a potential growth towards the 155.15 high.Making an upside breakout from the current triangle and jumping above 153.96 high could confirm a strong leg higher. Technically, it\u2019s hard to believe that GBP\/JPY could drop from here. So, we\u2019ll have to wait for confirmation before jumping into a long position again.The descending pitchfork\u2019s warning line (WL1) could be used as an upside target if GBP\/JPY resumes its growth. Note: ForexSchoolOnline is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}