GBPJPY looks like it’s on its way of creating a Cup and Handle pattern (the handle which will come off a third resistance trendline touch). We will be expecting a reversal pattern to go short once price reaches that touch (therefore validating it) until the support zone then go for swing buy (as illustrated). For now, patience is key. We will observe what the price does and execute based on what’s offered. It’s important to consider that just because it may seem as if something is forming does not necessarily mean it will be formed, so let’s always take what is offered and not force our ideas on the market.



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