Ms

GBPJPY - price at channel support possible breakout?

Ms  
FX:GBPJPY   British Pound/Japanese Yen
- Price has dropped fast down to channel support and were at the point where we will see a bounce of the channel or breakout to the downside
- If there is a breakout to the downside TP target would be around the light blue support line drawn on the chart
- In my experience fast moves into support and resistance often tend to bounce off support or resistance or have fakeouts
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