GBPJPY Continuation sell setup
Hi traders:
Most JPY pairs are showing further strength and we can certainly expect further bearish price action to continue.
Price showed us a recent double tops, "M" style pattern, and an ascending channel correction.
These are very good bearish price action to have on the lower time frame.
We then see a strong bearish move on the LTF, and we start to see a continuation correction.
Look for this correction to complete an sell to the previous lows.
Thank you
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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.