GBP-JPY CHART ANALYSIS (SELL SET UP)

Here's a quick chart on GBP-JPY. This chart shows a clear channel being formed after a quick rally from yesterdays move. We're jumping in on a quick sell here after the bounce off the the resistance level of the channel

We expect to see a bearish ABC pattern formed taking us down to the support levels of the channel. But we've got a quick take profit at the nearest support level at the breakout point from yesterdays rally.

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