GBP-JPY Weekly Technical Analysis

The pair is trading outside the descending channel after breaking it on the H4 frame. But it is in another ascending channel targeting 132.70 areas which is a previously broken support area. We expect prices to visit this region and then drop again to test the broken channel and take new positive momentum from the bullish channel ... and it will follow in due course.

General Trend: Upward Correction  





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