~ BIG GBPJPY SWING ON THE D1 ~

GBPJPY IS CURRENTLY TRADING WITHIN A DESCENDING CHANNEL,WE'RE ALSO SITTING BELOW IT'S DAILY PSYCH RESISTANCE LEVEL AT 140.500, WHICH COINCIDES WITH OUR 61.80% FIB RETRACEMENT LEVEL. PERSONALLY I'D WAIT FOR A BREAK AND RETEST OF STRUCTURE AS INDICATED BY THE BLACK LINE / OR A SIGNIFICANT CANDLE STICK FORMATION. THIS IS FOR EDUCATIONAL PURPOSES ONLY, TRADE SAFE.