Hi traders, as you see gbpjpy is in big bearish flag pattern, price didnt break high of our impulse so this setup is still valid for me. Price break our trendline agressively so that indicate that price is lossing buy momentum and it might push lower. But in order to confirm that move we need correction so that our price action will be complete. I will wait for possible retrace and correction on 1h, i will update below when it will be ready. As i posted few days ago, gbp index is showing that it can push bit higher so that might give us correction on GBPJPY, stay patient!
Comment:
Price came back up, so im not interested in that sell anymore. Seems like we will see retest or break of previus high and then i will watch for possible price action for sells.