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Davtyan

GBPJPY - Buy

Long
British Pound / Japanese Yen (FX:GBPJPY)  
Davtyan  
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY possible gbpjpybuy Forex signals
3
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gbpjpy possible gbpjpybuy forex signals
NOTE! The GBP/JPY is a clear bearish trend. However there are 3 (+1) mains reasons why the market may rally up a little bit.

1. Formation of the 3 White soldiers pattern.
2. The extension and retracement levels join the red trendline.
3. The .382 Retracement of the A-B leg falls on the same level is the extension of the a-b leg.
4. abcd pattern is possible.
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