GBPJPY Broken Channel on 4hr Chart
After a period of price consolidation in the 4hr channel, price has broken down the channel. The support of the channel (135.55 - 135.75 [20 4hr moving average]) is likely to act as resistance on a pull back before proceeding to about 131.90.
Disclaimer: This analysis is not a financial advice. It is just my way of sharing my trading ideas with the community. Any decisions you make from this is entirely yours and has nothing to do with me.
Disclaimer: This analysis is not a financial advice. It is just my way of sharing my trading ideas with the community. Any decisions you make from this is entirely yours and has nothing to do with me.
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