GBPJPY Weekly Analysis 7/11/2022 to 11/11/2022
Price while moving in a HTF uptrend channel, facing Major support at 165.119 & resistance at 167.834. Now if price closes below the support then it might continue coming down to make a deeper reversal towards the next key levels at 163.210 or 161.041.
Similarly if price closes above the resistance, then it might continue pushing up to retest the previous high at 171.411 or create higher high continuing the HTF uptrend channel move.
Similarly if price closes above the resistance, then it might continue pushing up to retest the previous high at 171.411 or create higher high continuing the HTF uptrend channel move.
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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.