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
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