GBPJPY FOREX PAIR 55M TIME FRAME DATE 7/23/2024
Currently monitoring GBP/JPY for potential bullish setup conditions. The current setup appears promising, as we observe the conclusion of the WXY correction phase, which could serve as a pivot point.
Once we confirm the WXY pattern, we can anticipate potential new highs. However, there are critical details yet to be clarified, making this setup inherently risky until internal impulses are evident.
Currently, we are in the midst of developing leg Y following leg C. If we observe strength entering the market, it may signal a buying opportunity.
I will provide updates once an opportunity becomes evident.
Once we confirm the WXY pattern, we can anticipate potential new highs. However, there are critical details yet to be clarified, making this setup inherently risky until internal impulses are evident.
Currently, we are in the midst of developing leg Y following leg C. If we observe strength entering the market, it may signal a buying opportunity.
I will provide updates once an opportunity becomes evident.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.