WaveSavvyTrades

GBPJPY Broken Channel on 4hr Chart

Short
OANDA:GBPJPY   British Pound / Japanese Yen
After a period of price consolidation in the 4hr channel, price has broken down the channel. The support of the channel (135.55 - 135.75 ) is likely to act as resistance on a pull back before proceeding to about 131.90.

Disclaimer: This analysis is not a financial advice. It is just my way of sharing my trading ideas with the community. Any decisions you make from this is entirely yours and has nothing to do with me.

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