GBPJPY looking like a buy waiting to happen. we have just created a flat formation on the bigger timeframe. or it could drop further for a extended 5th wave making it a zigzag . Looking for bulltrend entries on the turn of the C wave. Take it with a grain of salt and always have proper risk management.
Hi guys, I think that GBPJPY will go back on 147.50 area which is the oblique resistance of a descending channel daily/h4. Plus, the pair has reached a horizontal support daily which confirm my feeling. Of course the trend medium term is still bearish after having broken down the uptrend line weekly.