I do not have any doubts that this pattern will emerge, but I do know that I've seen it on the smaller TFs up until now. If you're in a buy, be patient. Price may drop closer to NY close, but will most likely consolidate for the next two sessions. You have to make the choice to get in on this pair because the bears will bring in the volume and chase those lows. Being aware during minor structure break assisted me a lot in these positions.
Beyond Technical AnalysisChart PatternsGBPJPYgbpjpyanalysisgbpjpylongsniperentrysnipertraderTrend Analysis

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