Daily Structure on GBPJPY

Long

British Pound / Japanese Yen (FX:GBPJPY)

Updated

FX:GBPJPY British Pound / Japanese Yen

Chart Patterns patterntrading flatchannel Parallel Channel impulses correction ascending

chartpattern patterntrading flatchannel parallelchannel impulses correction ascending

Currently price on GBPJPY is not at a considerable place for a buy. Wait for the 147.000 area before considering buying this pair.

Comment:

snapshot

Possible descending channel forming on the 4hr chart.

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