ThinkingAntsOk

GBP/JPY to the Downside? Broken Bearish Structure

Short
FX:GBPJPY   British Pound / Japanese Yen
🔸4H CHART EXPLANATION:
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🔸Price bounced at the Daily Resistance Zone.
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🔸It has broken the Ascending Channel.
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🔸After that, we can observe that has been consolidating on a corrective structure that has been recently broken to the downside.
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🔸 The first bearish target of this move is the Support Zone at 132.00. Will look for a lower timeframe bearish setup.

🔸DAILY CHART ANALYSIS:


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