This is a possible scenario of GBPJPY. We could be in a triangle correction, which moves in an ABC (DE possible to come) structure. 3 waves between each waves.
This pair is best to be patient and see what it does. However, the pair is bearish in the short term.
Would this pair follow its triangular structure? Or Has this pair already completed its ABC (ZigZag) structure and we are currently starting to make waves down??
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.