GBPJPY - Rising Channel Into Structure Resistance

7 Jan

The GBPJPY has been bouncing back & forth between structure with the most recent move being one back into a level of previous structure resistance.

At this level we also have a rising channel along with our RSI going overbought 7 showing bearish divergence.

Targets are taken using a combination of price action analysis, & Fibonacci tools.

If you have any questions, comments or want to share your views & analysis on this pair. please do so below

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Best of luck this trading week. - Akil