GBP/JPY Potential Move by ThinkingAntsOk
4H CHART EXPLANATION:
- Price broke the Ascending Channel.
- However, it was not a clear breakout, it made an horizontal move for a few weeks.
- Right now it is moving towards the Support Zone at 141.00.
- If this zone is broken, there is potential to reach the Support Zone at 136.00
- Will look for a lower timeframe bearish setup in case that scenario happens.
DAILY CHART ANALYSIS:
- Price broke the Ascending Channel.
- However, it was not a clear breakout, it made an horizontal move for a few weeks.
- Right now it is moving towards the Support Zone at 141.00.
- If this zone is broken, there is potential to reach the Support Zone at 136.00
- Will look for a lower timeframe bearish setup in case that scenario happens.
DAILY CHART ANALYSIS:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.