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CarlFX

GBP JPY Descending channel break and retest

Long
British Pound / Japanese Yen (FX:GBPJPY)  
CarlFX  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Technical Indicators Chart Patterns
2
4
trendanalysis indicator chartpattern
- As you can see we have recently hit a key support zone of 130.5 - 130.75 whilst in a Descending channel

- A break and retest of this Descending channel would give us a Bullish bias, therefore, will be looking to go long after we see a bullish candlestick formation

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