GBPJPY Testing Final Key Support, Potential Bullish Reversal

The British pound fell sharply yesterday as global market tumble. Now Price is testing key support level of the bullish channel . Look for a potential bullish reversal.

GBPJPY Testing Final Key Support by EmpowerTrader on

Trade Step-ups:

Scenario One ( Bullish Reversal): Price rejects a bearish breakout. Profit levels to look for are 149.000 and 149.500.

Scenario Two ( Bearish Breakout): Price breaks bullish channel , look for consolidation below 146.900.