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2023-06-06 18:05:00
A Price Action Channel Up pattern formation on the 5 Min time frame chart supports GBPJPY Bearish bias. A break of 173.426 will support the fall towards the target of 173.276 the break of 173.276 would push the price to 173.176.
SUPPORT AND RESISTANCE LEVELS
- Pivot Point 173.434
- Support S1: 173.412, S2: 173.368 , S3: 173.346
- Resistance R1: 173.478 , R2: 173.500 , R3: 173.544
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Age 50 BarsFull view
Channel Up
The channel up patterns are short-term bullish in that a price moves higher within an ascending channel, but these patterns often form within longer-term downtrends as continuation patterns. An upside break is bullish, while a downside break is bearish
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