Sell GBP/JPY Channel Breakout

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The GBP/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. GBPJPY

Key Points:

Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum.

Target Levels:
1st Support – 188.85
2nd Support – 187.55

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