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NDOBObanks
Nov 2, 2023 12:40 PM
GBPJPY Descending Channel Fake Breakout
Short
SAXO:GBPJPY
30
British Pound/Japanese Yen
Saxo
Description
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Nov 2, 2023 12:40 PM
We expect further downside on this pair, signalled by the false breakout of the descending channel pattern. We can also see the testing and closing below of price the key level which further supports our directional basis.
Trade closed: stop reached
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Nov 2, 2023 8:17 PM
On to the next setup
Trend Analysis
Chart Patterns
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gbpjpy_outlook
falsebreakout
false_breakout
falsebreak
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