AleksandrLombrozo

GBP/JPY Long-term sell opportunity

FX:GBPJPY   British Pound / Japanese Yen
The most appealing option for me in this pair is to make another big move down to finish a large flat pattern.
The reasons I believe it might happen are the following:
1. The top of wave A has not been broken
2. The pair has made an impulse down near the top of wave A
3. The wave B has three waves inside
If you have a tested strategy, wait for a correction and sell.

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.