GBP/JPY hits the channel resistance, possibility of a drop
GBP/JPY has rallied strongly yesterday. However, the bulls are taking a breather now.
Looking at the 4 hour chart, you can see that price has reached the channel resistance.
If this bearish price action persists, selling GBP/JPY@153.75-154.25 with SL above 154.70
and TP at 150.50 would be a possible sell set-up.
Looking at the 4 hour chart, you can see that price has reached the channel resistance.
If this bearish price action persists, selling GBP/JPY@153.75-154.25 with SL above 154.70
and TP at 150.50 would be a possible sell set-up.
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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.
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.