A week of deception was brought by this pair and it looks to have created a declining channel with it. Possible outlook would be that a break above the channel could rally the pair to break the resistance of the ascending channel and enter within the resistance zone. Whereas a break below could see it head towards the support of the ascending channel.

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Ascending ChannelBeyond Technical AnalysisChart PatternsDescending ChannelGBPGBPJPYjjforexacademyjpyParallel ChannelTrend Analysis

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