GBPJPY Upcoming Opportunity
Updated
The pair is forming a channel and a breakout of this channel is looking imminent and will be followed by an impulse, possibly to the downside by judging from the previous price and patterns. Sell only after confirming the breakout with an eye on false breakouts. Buying is not looking safe right now in the short term.
Note
downside took more time than I expected but nonetheless it is still going down and approaching our target zone.
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