mightybullcapital

GBPJPY Weekly Analysis 7/11/2022 to 11/11/2022

FX_IDC:GBPJPY   British Pound / Japanese Yen
Price while moving in a HTF uptrend channel, facing Major support at 165.119 & resistance at 167.834. Now if price closes below the support then it might continue coming down to make a deeper reversal towards the next key levels at 163.210 or 161.041.

Similarly if price closes above the resistance, then it might continue pushing up to retest the previous high at 171.411 or create higher high continuing the HTF uptrend channel move.

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