GBPJPY has been in an strong uptrend. The trend is rising in a corrective impulses, WXY. I have included wave counts. The pair seems to be scalable for more upside, but a correction or long term reversal may happen, UNLESS the pair drops correctively after the wave counts are comleted.
NB. This is a daily chart so "small" retracements may happen.
NB. This is a daily chart so "small" retracements may happen.
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.
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.