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Official_VIFX
Feb 3, 2021 7:29 AM

GBP/JPY - 03/02/2021 Short

British Pound/Japanese YenFXCM

Description

(H1) - Another descending channel forming after changing the directional bias. This pair is largely similar to the movement we saw on eur/jpy yesterday.

(M30) - I will be looking for a break out break back in scenario that we saw with eur/jpy soon. To do this I will be using the closest key level which for me will be the previous break & retest of support which has been identified by the red box.
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