GBPJPY remains bearish if the price remains the Parrel lines

GBPJPY remains bearish if the price remains the Parrel lines channel

The price of the GBPJPY remains bearish near 189.389 but if the market break the Channel it will move up and continuously will break the resistances to reach at the top resistance again near 191.040. For more updates and information keep following me and hit your like and support. Comment & follow me for praising my efforts.

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Trade active:

The Market is open and the asset is in the same level but I am waiting as my target to be achieved.

Trade active:

The GBP/JPY pair tells the trader how many Japanese Yen (the quote currency) are needed to purchase one British Dollar (the base currency).

It is known to be a “carry currency cross”, that is a cross which is a vehicle for carry trading, a strategy that consists in buying a high yielding currency and funding it with a low yielding currency, similar to the adage "buy low, sell high."

Trade active:

After recent breakout the price is moving in the uptrend while having a Good support near at 189.600.

Trade closed: target reached:

The breakout done and the bullish target had been achieved