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GBP/JPY 1H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 8, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    GBP/JPY 1H Chart: Channel Up Comment: So far the GBP/JPY cross has not experienced major problems in building another leg down as a part of correction inside the channel up pattern. However, just shortly the Pound will encounter the weekly PP, which will have an opportunity to stop a slide in value and reverse the pair back to the North. In case of a failure here at 160.19, however, the likelihood of a plunge to the green boundary of the pattern will increase immediately. From the trend-line,

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