DeGRAM | GBPJPY retest of dynamic support

GBPJPY is in a descending channel between the trend lines.

The price is moving from the upper boundary of the channel, but it has already reached the dynamic support, which previously acted as a rebound point.

On the 1W Timeframe, the chart is in the accumulation zone, which is characterized by the fact that volumes have increased and the pair is held in a certain trading zone.

Before reaching the lower trend line, a harmonic pattern was formed, the potential of movement of which held under the 50% retracement level.

We expect price growth after fixing above the mentioned retracement level.

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