GBPJPY on the Pitchfork Channel
The price forms Double Top or M-Pattern that it is expected to go down until the next Demand area below. After that, the price will follow its main trend direction; Uptrend on Daily. The price is expected to touch 0.5 line of Pitchfork which confluence with demand area (the grey box) before going up, or, touch the outer line; 1.0 level; of Pitchfork which confluence with the lower Demand area (the lower grey box).
The short term target is the nearest supply area.
*For education purposes only*
*Take your own risk*
The short term target is the nearest supply area.
*For education purposes only*
*Take your own risk*
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