Key levels Usdjpy I would say is a Big Short down the abyss
DislikedGBPUSD Weekly Technical Outlook The 1.22400/1.21000 horizontal channel (Sandybrown) has constrained GBPUSD market operation on the weekly time frame for the last four weeks. The channel is in the 61.8/50.0 Fib zone of the prevailing bearish swing. {image} GBPUSD price action on the daily time frame is ranging within the 1.22400/1.21000 horizontal channel (Sandybrown), seen on the weekly time frame. Although the technical structure is bearish, we may still see a retest of the 1.23200/1.24100 horizontal resistance area (purple), before a southward...Ignored