Get started
EmpowerTrader

GBPJPY Testing Final Key Support

Long
British Pound / Japanese Yen (FX:GBPJPY)  
EmpowerTrader  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns
6
0
trendanalysis harmonicpatterns chartpattern
The British pound fell sharply yesterday as global market tumble. Now Price is testing key support level of the bullish channel. Look for a potential bullish reversal.

Trade Step-ups:

Scenario One (Bullish Reversal): Price rejects a bearish breakout. Profit levels to look for are 149.000 and 149.500.

Scenario Two (Bearish Breakout): Price breaks bullish channel, look for consolidation below 146.900.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.