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DeGRAM
Jan 19, 2021 9:26 AM

GBPJPY will come to support Short

British Pound/Japanese YenFXCM

Description

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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Comments
faizulbasir111
gbpjpy bullish bro hm
DeGRAM
@faizulbasir111, Thanks for the words
Rohan_Jas
Nice one Degram, i to tall agree. You are amazing
Solldy
Since December 23, the price has not broken the lower channel line! This is a good sign!
DeGRAM
@Solldy, Thanks a lot bro
TradingAlchemist
great! go ahead!
DeGRAM
Lingrid
by the end of the day, I expect an increase in volatility, a reversal, and a second attempt to climb.
DeGRAM
@Lingrid, Interesting choice
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