GBP/JPY Current Channel

21. Aug. 2020

We still have a little room for this channel to continue falling in before seeing if it will continue to support this channel of consolidation or if it will attempt a breakout. I think we can expect it to continue within this channel. If so, we will see a nice entry coming soon and should be able to grab a decent 80+ pips. Patience, and then reaction.

25. Aug. 2020

Anmerkung

Well, what we though would happen went perfectly. We are now going to observe and see what it does at the top to see if it continues to respect this channel or breaks out.