GBPJPY In a drainage area with strong weekly resistance
GBPJPY It was moving in an upward trend and a channel, then it stopped at a strong weekly resistance to turn into a sideways trend, meaning a drainage area.
If the 187.340 area is broken, The trend will turn bearish.
But if the area 188.941 is breached,It will continue in an upward trend.
If the 187.340 area is broken, The trend will turn bearish.
But if the area 188.941 is breached,It will continue in an upward trend.
Disclaimer
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.