GBPJPY is Trading In-Channel Pattern. At Resistance price retrace back towards the support level . According to chart pattern analysis, we might see a small downside in GBPJPY from the current level, as it is trading in channel pattern the long term trend is on the upside. One can initiate the short side trade with proper risk management and stop loss.

Thank You.

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.