We have been focusing on JPY for a while now and after the spike last week, we may be seeing a reversal finally happening. GBPJPY appears to be in the perfect place to reverse (see bigger timeframe chart below).
For confirmation, will wait for a break of the ascending correction.
Good luck and trade safe!
For confirmation, will wait for a break of the ascending correction.
Good luck and trade safe!
Note
Major Descending Trendline +
Channel Resistance
+
Reversal Pattern near major trendline
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.