possible bearish continuation on the cards with a strong break and close below 78.799. first targets will be down at 77.000 then 74.000. if your also using MA's i will also be waiting for a cross to the downside as well for extra confirmation.
After finishing an ABC pattern GBPJPY looks like its turning bullish and heading towards 164 area at least.We have divergence on H4, and I'll be looking for buy setups on lower timeframes after the trendline breaks.
Here we have a Gartley pattern near completion.
D leg needs to complete at a 1.27% in order to see a bearish Gartley pattern completion according to my rules.
We will also have an ABCD pattern completion which adds to make it a valid Gartley pattern.
Stops Above X
TGT 1 0.382%