Hello Traders,
Looking at GBJPY from the Daily timeframe there are two possibilities that can happen.
1. I am bullish if price continues to trade within this trend channel by breaking above the supply zone shown at $191.378
2. i am bearish if price fails to break above $191.378 supply zone and sellers push price below trendline causing a reversal. Price will be looking to grab orders at demand zone of $188.100
Looking at GBJPY from the Daily timeframe there are two possibilities that can happen.
1. I am bullish if price continues to trade within this trend channel by breaking above the supply zone shown at $191.378
2. i am bearish if price fails to break above $191.378 supply zone and sellers push price below trendline causing a reversal. Price will be looking to grab orders at demand zone of $188.100