GBPJPY for 192

GBPJPY is presently grinding in an Ascending Channel from the Demand Zone at 180.00.

It is anticipated that the Nearest Supply Zone is the immediate Target at 192.00.

This should be achieved in 4 drives.

The RSI is in the buy levels.

Volume is printing Green (Average), which is validation of this consolidation move upwards.

The largest candles in the channel are also White ( bullish ) .

Price is below the 200 MAV ( Bearish) , but is supported by the Weekly VWAP ( Bullish) .