OANDA:GBPJPY   British Pound / Japanese Yen
n the context of GBPJPY, the price has successfully reached a significant weekly supply level. Concurrently, on a lower timeframe, a discernible pattern has emerged. Given the absence of evident momentum signaling a sustained upward movement, a cautious decision has been made to initiate a trade. The current price action appears to be forming an ascending pattern, which holds the potential to function as a reversal pattern. However, further information is warranted before proceeding. Thus, a patient approach is being adopted, awaiting additional insights to confirm the most suitable course of action.

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