GBPJPY is trading in ascending channel pattern .After reaching at resistance level ,it has higher chance of retracement on down side . According to chart pattern analysis , we might see down side in GBPJPY towards support level of channel pattern then if it break channel pattern on downside we might see next down side target for GBPJPY is support zone as shown in chart. one can initiate a short side trade on GBPJPY 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.