This GBP/JPY chart shows a downtrend with the price moving toward the lower boundary of the channel.
Possibilities:
1. If it breaks the lower channel support, further downside movement is likely.
2. If it reverses from the support, an upward rally could occur.
Watch the support and resistance levels carefully and wait for a breakout or breakdown.
Possibilities:
1. If it breaks the lower channel support, further downside movement is likely.
2. If it reverses from the support, an upward rally could occur.
Watch the support and resistance levels carefully and wait for a breakout or breakdown.
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#USDCHF 15M TF Technical Chart Analysis
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