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Akil_Stokes
Jan 7, 2024 10:30 PM

GBPJPY - Rising Channel Into Structure Resistance  Short

British Pound/Japanese YenFXCM

Description

The GBPJPY has been bouncing back & forth between structure with the most recent move being one back into a level of previous structure resistance.

At this level we also have a rising channel along with our RSI going overbought 7 showing bearish divergence.

Targets are taken using a combination of price action analysis, & Fibonacci tools.

If you have any questions, comments or want to share your views & analysis on this pair. please do so below

Also. remember to hit that like button & show so love before you leave.

Best of luck this trading week. - Akil
Comments
MasterODisaster
Looks good. I was feeling the risk off sentiment last week too. This should play into that theme if it takes hold.
Akil_Stokes
@MasterODisaster, Thanks! love the name btw
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