GBPJPY finds itself trending within a descending parallel channel. The pair experienced a slight rejection recently off the previous support. If the rejection gets confirmed and we see a solid bounce upwards, I will be looking to enter shorts on the 0.5 fib retracement and also the LL of the higher descending trendline.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.