British Pound / Japanese YenUpdated GBPJPY - 5,000pip Target 🎯
The last time we looked at GBPJPY, we identified that the ascending correction in 2021 was very similar to the one in 2017. Since then, we broke out of the ascending correction and making our way lower.
Similarly to 2017, we are seeing a pullback straight after the break of ascending correction. The overall higher timeframe is showing us an expanded flat correction which is often a continuation pattern.
It is very possible that we will see the decline of GBPJPY for the next couple of years.
What do you guys think?
As always, goodluck and trade safe!
Similarly to 2017, we are seeing a pullback straight after the break of ascending correction. The overall higher timeframe is showing us an expanded flat correction which is often a continuation pattern.
It is very possible that we will see the decline of GBPJPY for the next couple of years.
What do you guys think?
As always, goodluck and trade safe!
Note
Previous GBPJPY analysis - Hit TP 850pips
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.