gj2-1024x419

  • GBP/JPY (H4): Downward channel
  • Forecast: Further falls from 177.6000, targeting main support (175.5000)
  • Alternative Scenario: Breaking above upper channel limit and local support (now resistance)
  • Comments: Market moves in dynamic bearish regression channel
  • Payout: PUT @ 177.6000 à 78% return expiring at 23:30GMT

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Member and editor of Finance Magnates - the biggest FX, and binary options B2B website. A graduate of the University of Economics in Krakow, active publicist since 2012. Technical analysis is always more important to him than the fundamentals – however, he does not reject the importance of macro data. As he assumes that, the simpler the better, he is a strong fan of Price Action trading strategy and Fibonacci retracements.