FX:GBPJPY   British Pound / Japanese Yen
Hey Traders! Excited for another week of Trading.

GBPJPY has been moving in abundance lately. Price still sits under the 200 day Moving Average, with no signs of upcoming breakage. In the last couple of weeks GJ managed to break A Strong Weekly Ascending Channel , & trade a full week above it. Price is currently testing that same Weekly Resistance level it broke. The Pivot Point also held strong after a second failed attempt to break it. I predict Bearish activity following another close under the Pivot Point level. I'm ready for what this week beholds...

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Comments

Great analysis.
+1 Reply
lobfxempire Stethostrade
@Stethostrade, Thank You
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