OANDA:GBPJPY   British Pound / Japanese Yen
Price is at an important area in structure, price could either sell off or go back up. On LTF, there's a possibility that price can form a descending channel which could push price back up but its uncertain because price is forming an ascending channel on the LTF while retesting structure so price can possibly sell off to support. From HTF price possibly is forming an bearish flag, price just sold off from the trend line resistance. - PMGAI

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.