GBP/JPY Price Forecast – Inverse Head & Shoulders Breakout

GBP/JPY has formed a strong Inverse Head & Shoulders pattern on the 2-hour timeframe, signaling a potential bullish breakout. Patience is key—wait for a confirmed neckline breakout with a strong bullish candle before entering the trade. Once confirmed, this setup could lead to a significant price surge! 🚀

📊 Technical Analysis:
✅ 📈 Inverse Head & Shoulders – A bullish reversal pattern indicating trend change
✅ 📊 EMA 200 Support – The price is respecting this key moving average
✅ 🔎 Breakout Confirmation – A strong bullish candle above the neckline will confirm entry

🎯 Target Levels:

📌 194.80 – First target for short-term gains
📌 198.00 – Final extended target for a larger move

📢 Trading Strategy:

🔹 Wait for a confirmed breakout above the neckline before entering
🔹 Ensure strong bullish momentum & volume for a valid move
🔹 Hold the trade while price respects the trend
🔹 Set a stop-loss below the neckline for risk management

📈 The setup is looking strong—stay patient, follow the trend, and capitalize on the move! 💰🔥

📌 Like, comment & follow for more trading updates! 🔔🚀