Get started
Azelarab_ICT

GBPJPY In a drainage area with strong weekly resistance

British Pound / Japanese Yen (OANDA:GBPJPY)  
Azelarab_ICT  
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Support and Resistance Trend Lines
5
3
trendanalysis supportandresistance trendline
GBPJPY It was moving in an upward trend and a channel, then it stopped at a strong weekly resistance to turn into a sideways trend, meaning a drainage area.
If the 187.340 area is broken, The trend will turn bearish.
But if the area 188.941 is breached,It will continue in an upward trend.
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.