UnknownUnicorn15614419

GBPJPY: completion of growth and beginning of a bearish trend

Short
FX:GBPJPY   British Pound / Japanese Yen
The price has been trending since March 2020, when it bounced off the call for 125.89 support. During this year, there was not a single breakdown of the channel lines. Now the price has come to the resistance zone at the intersection of the channel border and the 2007 resistance line. Over the past month, the price has moved not far from these lines. Now we can expect a rebound and fall to support 146.37.

Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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.