It appears GBPJPY enjoyed hiding in this channel just above the 200 MA. It is the second attempt to break this moving average. Consolidation near the level usually favours the breakout, so there is a probability that it will succeed this time and move higher. But daily chart structure is in its path.
Al - the channel, the daily level, the round levels near the borders of the channel and daily MA levels will be fun to trade with next week.
Al - the channel, the daily level, the round levels near the borders of the channel and daily MA levels will be fun to trade with next week.
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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.