FX:GBPJPY   British Pound / Japanese Yen
(H1) - Another descending channel forming after changing the directional bias. This pair is largely similar to the movement we saw on eur/jpy yesterday.

(M30) - I will be looking for a break out break back in scenario that we saw with eur/jpy soon. To do this I will be using the closest key level which for me will be the previous break & retest of support which has been identified by the red box.

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.