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ThinkingAntsOk

GBP/JPY Potential Move by ThinkingAntsOk

Short
British Pound / Japanese Yen (FX:GBPJPY)  
ThinkingAntsOk  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Support and Resistance Multiple Time Frame Analysis GBP jpy GBPJPY short trade analysis
14
0
trendanalysis supportandresistance mtfa gbp jpy gbpjpy short trade analysis
4H CHART EXPLANATION:

- Price broke the Ascending Channel.
- However, it was not a clear breakout, it made an horizontal move for a few weeks.
- Right now it is moving towards the Support Zone at 141.00.
- If this zone is broken, there is potential to reach the Support Zone at 136.00
- Will look for a lower timeframe bearish setup in case that scenario happens.

DAILY CHART ANALYSIS:

snapshot
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