dead2live

GBPJPY To 100sma, then down

Long
FX:GBPUSD   British Pound / U.S. Dollar
7
Perhaps the inner trendline is to become the upper channel trend line on a bearish chart.

GBPJPY respects the 100sma in this fashion historically. I anticipate a rise to it before returning down. This is technical, fundies might have different ideas. As always, wait for price action confirmation.

GL
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