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Ryan_lopes

GBPJPY INSIDE ASCENDING CHANNEL CLOSE TO ITS STRONG RESISTANCE

British Pound / Japanese Yen (FX:GBPJPY)  
Ryan_lopes Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns gbpjpychannel
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trendanalysis chartpattern gbpjpychannel
Hello friends, here is our analysis on GBPJPY. It pretty simple and there is no sign of any confirm trade. The pair is inside its ascending channel pattern and going upwards. There is also a strong support and resistance line. It will be really interesting to see if the pair breaks the resistance line. It is also possible that the pair will hit the resistance and then fall back. We advice you all to wait till the pair hits the resistance line to what the next move will be.

Views welcome. Thanks.

Ryan.R.Lopes
Comment:
One can take a buy call
Comment:
Tp 136.111
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