GBPJPY; Upward Correction Ending Soon

Time is ripe for this upward correction to end as we have a bearish AB=CD pattern formed. A breakdown of the 184.49 support can be taken as the short trigger. In that case, the target should be the major swing low at 180.69 and the stop loss level should be whatever high the bulls make prior to the breakdown.

Good luck,

Ali Sharif Azadeh, CFTe

Commentaire:

This pair is still struggling in its channel. I will provide a new analysis. Stay tuned.