ThetaFX

GBPJPY BUYING OPPORTUNITIES

Long
FX:GBPJPY   Livre sterling / Yen japonais
Price created a bottom at 125.0 followed by consecutive higher lows in the following months. Two weeks ago market used the daily support zone at 132.0 to shoot up and is currently making a correction to the downside where you see the descending channel. I'm expecting price to break through that channel in the coming days, so we could then see a continuation to the upside, possibly retest of previous highs at 138.5-139.0
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