Description
⋅ GBPJPY has clearly rejected price at 126 level and has reentered a long standing downward trending channel.
It is possible that Pound will again rise to test a price level between 140-142 . Which coincides with
a. 50 period MA
b. Monthly R4 Pivot
c. Fib .618 retracement.
This may only take the conclusion of September....... So for the next 2 weeks there is a long bias....