GBPJPY Analysis:
GBPJPY is breaking the higher low area of the ascending channel in the 1-hour timeframe chart.
After the confirmation of the breakout, the GBPJPY Sell signal was given.
GBPJPY Update:
GBPJPY is moving in an Ascending channel for a long time by creating higher highs and higher lows in the 1-hour timeframe chart. Recently, GBPJPY has broken the bottom level (higher low) area of the channel, however the market consolidates and then GBPJPY try to re-enter the ascending channel which leads to the SL price. Reason: Market conditions are changed now: Right now the markets are more volatile due to major economic changes worldwide, the markets are also changing it’s nature so the markets are behaving differently than the normal times. Fundamental economic news events are driving the market prices now. Please use small lot size at these volatile times for trading with care. Thank you.
Don’t trade all the time, trade forex only at the confirmed trade setups.
Get more confirmed trade setups here: forexgdp.com/buy/
