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anilmangal
May 8, 2016 2:05 AM

GBPJPY in a channel  

British Pound/Japanese YenFXCM

Description

Hi Guys, hope you are all having an enjoyable weekend.
GBPUSD is in a 60 min channel, channel like these break both ways, but the higher probability is the upside. If it breaks up it is still in a downtrend so buy with care.

Trade with care
Thank you for your support.

Comment

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Comments
Ahmed_bunah2
Hi Anil,

I agree with you, High probability to break up;
1-RSI @240 min ; it is divergence
2- MACD @ 240 min ; it is divergence and 2 lines crossed
3- Fib 88.6% @ 156.67, which the price bounced up from it.
RajA007
hi Bunah ,

Anil mentioned on chart..more downside possible...
Ahmed_bunah2
Raj,

Let Anil comment on my comments. I am still learning.
morkovka
longed as usd/gbp rejected ty anil
bassel.hadak
MarwanALjaadi
Do you see any correction and a buying entry anil and where
Julio
ran out upward momentum ?
Uncle
Nice breakout
ElPatron.Y
Paul-Man
It looks very bullish structure, thank you Anil
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