Hello traders and good luck!

GBP/JPY mark: 151.122

Forecast: Down

H4 Key points:
Resistance: 151.300
Support: 147.800

Floating channel: between Resistance & Support above

The probability is the price reproduce its behaviour when meets a channel. Being said we can expect some retracement from this current level to the first base above the the support line of the channel (blue bar).

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