NDOBObanks

GBPJPY Descending Channel Breakout

Long
SAXO:GBPJPY   British Pound / Japanese Yen
We expect further upside on this pair which is signalled by the breakout of the descending channel pattern. We can also see the formation of a new high and a breakout of a key level which further supports our directional basis. Entry on the retest of the key level.
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