In my previous post I mentioned a wave 5 downside structure of GBPJPY
heading to 145, but I'd like to emphasize that all TA patterns can be broken by important FA factors, like Brexit, negotiation with EU,presidential election etc.When the market move against u or moving not so ideal as u expected, take actions accordingly , either stop loss or trade with the new trend.
In this chart we can see 2 bullish
pattern: bullish bat
and bullish cypher
, hinting that strongly buyside bias around 147, so if u have short positions, watch out potential PRZ near 147.