GBPJPY - Flipping the Channel
GJ has been in a nice downwards channel for a while. Since structure for a downtrend still hasn't been broken, and there are a bunch of confluence around the 78.6 and 88.6 retracement levels, it'll be safe to say that is where price will reverse around this point.
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.