GBPJPY is forming a Descending Triangle pattern, which is a bearish pattern . According to chart pattern analysis, we might see a downside in GBPJPY toward support level 1 and support level 2. One can initiate the short side trade at the current level with proper risk management and stop-loss.

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Vivek_Samale
Vivek_Samale

I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.