Jan. 9th – GBPJPY

Despite the holiday I am posting the daily chart of Pound/Yen as well to cover the intraday chart next week:
If prices are able to penetrate the lower boundary of the corrective channel and the green dashed trendline the top of black (B) or red (2) in place gains merits. Until then there is no certainty that the downtrend has resumed.
Let’s wait and observe.
Sarah