Hello Traders, GbpJpy price action looks interesting after monday’s daily candle close. Let’s get to the charts.

GbpJpy

On this pair, I was bearish not until we had a bullish harami candle at a previous resistance zone becoming support. Tuesday trading session had a slight move to the upside during the Asian trading hours then price reversed at the London session. I expected this move but will be waiting for the daily close.

Note price is trading within an ascending channel on the daily timeframe. Have a look below.

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