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jojofang0901

GBPJPY More Downside, Watch for continuation

Short
British Pound / Japanese Yen (OANDA:GBPJPY)  
jojofang0901 Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Chart Patterns Parallel Channel Flag priceaction structure pattern impulse correction Wedge
50
27
chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction wedgepattern

Hello traders:

Similar like GBPUSD, we can see more bearish price action from other GBP pairs as well.

Here on GBPJPY, from my previous forecast and analysis, price did indeed push down impulsively, broke previous lows.

After, price started to consolidate and form correctional structure.

This is always a good sign for further continuation price action, if we see more lower time frame bearish continuation .

Be on the look out for further downside, and watch the lower time frame for confirmations.

Thank you
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