GBPJPY is in a descending channel between the trend lines.
The price is moving from the lower boundary of the channel, support level and lower trend line.
We expect the chart to rise after consolidating above the resistance level, which coincides with the 50% retracement level.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
The price is moving from the lower boundary of the channel, support level and lower trend line.
We expect the chart to rise after consolidating above the resistance level, which coincides with the 50% retracement level.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
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