GBP/JPY-1 Hour analysis

Hello everyone!

-On a 1 hour chart, we can see that the price is moving within a descending channel and we can also see that the price made a breakout and then rejected in a bearish direction last few hours.

-Now the price is sitting at the resistance line of a descending channel and the price formed a Doji candle.

-On a 4-hour base, JPY is stronger than GBP and on a daily base, GBP is stronger than JPY but both currencies are losing their power.

-If JPY remains stronger on a lower time frames then we can expect further bearish movement and if GBP gains more power then we can expect bullish movement.

-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!

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-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.