GBP/JPY about to drop by ThinkingAntsOk
4H CHART EXPLANATION:
Price broke the Ascending Channel and has bounced at the Support Zone. The bearish scenario is almost confirmed, but we need that to the Support Zone to be broken. Once that happens, then we will look for a lower timeframe confirmation to take a short trade.
DAILY CHART:
Price broke the Ascending Channel and has bounced at the Support Zone. The bearish scenario is almost confirmed, but we need that to the Support Zone to be broken. Once that happens, then we will look for a lower timeframe confirmation to take a short trade.
DAILY CHART:
