GBPJPY PRINCIPAL STRUCTURE
We are in a correction of the main bearish movement, which at its major support, forms a double bottom chart pattern, which could push the price to the 61 or 78 fibonacci level.
We have as bullish confirmations the following:
1- downtrend line breakout.
2- double floor activation.
3- the price forms a minor pattern immediately after making the pullback to the trend line.
Operative in minor temporalities, following graph --->
We have as bullish confirmations the following:
1- downtrend line breakout.
2- double floor activation.
3- the price forms a minor pattern immediately after making the pullback to the trend line.
Operative in minor temporalities, following graph --->
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