In my post earlier I described 2 models of the situation on GBP / JPY
1. Bounce from the channel's level / boundary (the model of the ascending movement)
2. Breakdown of the channel's level / boundaries and price fixing is lower (downward motion model)
Obviously, we see on the graph option № 2
I recommended looking for an input into the purchase from the retest level (which we are now observing),
therefore, it's time for sales ...1st target - level of 144.650 second target - level 139.420
P.S. I apologize for the grammatical errors. English is not my native language.
1. Bounce from the channel's level / boundary (the model of the ascending movement)
2. Breakdown of the channel's level / boundaries and price fixing is lower (downward motion model)
Obviously, we see on the graph option № 2
I recommended looking for an input into the purchase from the retest level (which we are now observing),
therefore, it's time for sales ...1st target - level of 144.650 second target - level 139.420
P.S. I apologize for the grammatical errors. English is not my native language.