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).
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).