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GBPJPY Weekly Analysis 14/11/2022 to 18/11/2022

Short
British Pound / Japanese Yen (FX_IDC:GBPJPY)  
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FX_IDC:GBPJPY   British Pound / Japanese Yen
Trend Analysis GBPJPY gbpjpyanalysis gbpjpyprediction gbpjpyforecast gbpjpy_outlook gbpjpydaily gbpjpysignal gbpjpydailysignal gj
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trendanalysis gbpjpy gbpjpyanalysis gbpjpyprediction gbpjpyforecast gbpjpy_outlook gbpjpydaily gbpjpysignal gbpjpydailysignal gj
The price seemingly making another swing low in between the HTF uptrend channel while facing strong support at 163.182 & HTF resistance at 166.256. now if price is to continue pushing down it shouldn't breakout of the HTF resistance. so if price breaks the support while respecting the resistance, then price might continue to push down to the next support zone at 160.946 or 159.749 and also make a retest on the HTF uptrend channel with a deep retracement move. However if price closes above the resistance, then short opportunity on HTF would be invalid.

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