Thank you! The price dropped to support as I said yesterday. This movement takes place inside a small falling channel January And it, in turn, was formed inside the main growing channel November Now I expect the price to continue moving like this: - push off from support 1.
Hello traders: GBPJPY moved up once again correctively to a recent double tops, and we can expect a bearish reversal price action.
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We see the first LTF impulse didn't reach the lows of the correction before a bullish reversal up move. However, the latest price action shows a ascending channel reversal, and another LTF ascending structure, good to see more Good Luck. The price is still outside of the channel and probably we can see quite soon an upward movement. Targets: 1. On the Psychological Line we can see that the price is praparing for a Downtrend Movement.
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