FX:GBPJPY   British Pound/Japanese Yen
NOTE! The GBP/JPY             is a clear bearish trend . However there are 3 (+1) mains reasons why the market may rally up a little bit.

1. Formation of the 3 White soldiers pattern.
2. The extension and retracement levels join the red trendline.
3. The .382 Retracement of the A-B leg falls on the same level is the extension of the a-b leg.
4. abcd pattern is possible.
Polina1
6 months ago
i agree
Reply
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