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British Pound / Japanese Yen
Short

SELL - POTENTIAL BREAKOUT OF ASCENDING CHANNEL ON GBPJPY

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As we can see, GBPJPY has been bullish for the past week. However, it is apparent price has been following the ascending channel presented, here. Assuming price continues to respect this channel then it would appear to be a very good R:R trade even if the channel was not broken as the chart shows.

*NOT FINANCIAL ADVICE, MERELY AN OPINION*
Trader856
Ascending ChannelbreakouttradingchartanalysisChart PatternsTechnical IndicatorsTrend AnalysisTrend Line Break

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Ascending ChannelbreakouttradingchartanalysisChart PatternsTechnical IndicatorsTrend AnalysisTrend Line Break
Trader856

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.