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GBPJPY - POSITIVE Movement In The DESCENDING CHANNEL
Generally, the direction is uptrend
Uptrend Side: The price is exhibiting a bullish trend, particularly if it can break the channel and cross the resistance level of 195.25 with a 4H candle close. The bullish trend will be further confirmed as the price moves toward 196.99 and 198.60.
Downtrend Side: The bearish trend will remain active as long as the price trades within the descending channel, particularly if it breaks the support level of 192.31, potentially dropping toward 190.52 and 189.06.
Tendency Keys: 195.25
Uptrend Side: The price is exhibiting a bullish trend, particularly if it can break the channel and cross the resistance level of 195.25 with a 4H candle close. The bullish trend will be further confirmed as the price moves toward 196.99 and 198.60.
Downtrend Side: The bearish trend will remain active as long as the price trades within the descending channel, particularly if it breaks the support level of 192.31, potentially dropping toward 190.52 and 189.06.
Tendency Keys: 195.25
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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