DeGRAM

GBPJPY will come to support

Short
FX:GBPJPY   British Pound / Japanese Yen
Since October last year, the price has been moving in a growing channel.
Last week it reached the channel border - resistance 142.29.
Having collapsed, the price broke through the resistance line at 141.51.
However, it quickly corrected the fall.
Now the price is in the resistance area at 141.45.
This is the strong line of 2018.
During all this time, there was not a single important breakdown of this line.
I expect the price to start falling before reaching the channel border.
The price will fall and come to support (lower channel line).
The goal is 140.09.


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