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GBPJPY - Rising Channel Into Structure Resistance
British Pound / Japanese Yen
Short
GBPJPY - Rising Channel Into Structure Resistance
By Akil_Stokes
Wizard
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Jan 7
1
5
2
2
Jan 7
The GBPJPY has been bouncing back & forth between structure with the most recent move being one back into a level of previous structure resistance.
At this level we also have a rising channel along with our RSI going overbought 7 showing bearish divergence.
Targets are taken using a combination of price action analysis, & Fibonacci tools.
If you have any questions, comments or want to share your views & analysis on this pair. please do so below
Also. remember to hit that like button & show so love before you leave.
Best of luck this trading week. - Akil
Fibonacci
Fibonacci Retracement
risingchannelbreakout
structureanalysis
Support and Resistance
Akil_Stokes
Wizard
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