Hello.
Let’s take a look at the GBP/JPY hourly chart.
Even though we just saw a big spike up earlier today, the overall trend still potentially remains bearish.
Look for some sideways movement (potentially forming a Contracting Triangle) in the next couple of trading sessions – if you like to trade in channels – this may be a potential opportunity for you.
Once the sideways movement is complete, look for a potential downward movement to the 132.00 area and below.
Good luck with trading and have a great weekend.
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