Fxprotrader

GBPJPY: Potential Buy at Lower Parallel of a Channel

Long
OANDA:GBPJPY   British Pound / Japanese Yen
Price is in a downtrend, moving into a descending channel. Most likely it will reach the lower paralllel where we should start watching foe a buy setup completion aiming for the slidinig paralllel in the middle of the channel.

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