The chart provided for the GBP/JPY currency pair on the 1-hour (1H) time frame incorporates a technical breakdown of price movements using Wyckoff Method, Elliott Wave Theory, Volume Profile, and macroeconomic indicators to outline expected market behavior for the coming week. The focus is on the ongoing distribution phase, indicating that a top has been formed,...
Key Elements in the Analysis
Wyckoff Distribution: The chart follows a Wyckoff Distribution schematic, with clear delineation between Phase A, Phase B, and Phase C.
Elliot Wave Count: Multiple wave structures are mapped, detailing the various impulse and corrective waves (labelled from (i), (ii), (iii), (iv), (v)).
Volume Profile: The Volume Profile on the left...
