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Pkayfx
Apr 11, 2024 9:52 PM

GBP/JPY ... Sell Short

GBP/JPYOANDA

Description

we can see a clear channel within a channel which is moving in a corrective manner to the upside .. we should see price rejections at the resistance for an impulsive move to the down side.
Comments
FXCM
The rising channel looks solid, with at least four touches. It's nice to see you sell at the resistance zone, which lines up with the upper channel. A reversal from this level might indicate a double top pattern, which could lead to a price drop. Let's see how the price reacts to the level in the coming market sessions.
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