Open trading account 
Hello everyone, today I'm talking about gbpjpy, a very interesting cross. In fact, the daily shows us a large bullish cone, within which the price goes down, but inside a gray bullish channel. In short, apparently a bit of confusion. In fact, I think this pair could be the big bullish deal, probably in September, when the decisive talks with the EU for Brexit start.
Meanwhile we look at the daily and see that the price could still fall to the bottom of the cone, in the area between 135 and 138 where we have a nice static support (yellow ellipses) and where probably the price is very good for the purchase. Meanwhile, we see that on Friday there was the breaking of an old static support (green ellipse at 145) and s1 pivot montly. Now the price is resting on the lower trend line of the gray channel and I expect Monday a rebound for a new test at 145 which is now a resistance. If 145 takes then we will see the breaking of the channel with a fast descent to 143, otherwise there will be a new ascent to the top of the channel, with a new test of the blue sma100 to 148. Good luck!
Meanwhile we look at the daily and see that the price could still fall to the bottom of the cone, in the area between 135 and 138 where we have a nice static support (yellow ellipses) and where probably the price is very good for the purchase. Meanwhile, we see that on Friday there was the breaking of an old static support (green ellipse at 145) and s1 pivot montly. Now the price is resting on the lower trend line of the gray channel and I expect Monday a rebound for a new test at 145 which is now a resistance. If 145 takes then we will see the breaking of the channel with a fast descent to 143, otherwise there will be a new ascent to the top of the channel, with a new test of the blue sma100 to 148. Good luck!
