GBPJPY for the last few weeks were not on my watch list due to the previous swingy price action on the LTF.
But now what we are getting from the market is shaping up for the bearish sell setup.
We see price correctively move up within ascending channel, and hitting the top of the LTF channel structure. This is good indication we may see some bearish reversal.
Latest price shows us a LTF push down out of the ascending channel, and now I would be waiting for some sort of LTF continuation correction to get in the sell.
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