GBPJPY Analysis
GBPJPY recently formed a diagonal pattern which in this case we would consider to be an Ending Diagonal pattern. The sell-off could still continue prior to we haven’t seen a clear correction pattern to the downside we only see price as an impulse wave. Now we are likely to see impulse moves continue.
CADJPY Analysis
GBPJPY is not any different from CADJPY we are seeing many similarities between these two pairs they are more corralled waiting for a correction before considering the next buy trade idea. The only difference is that GBPJPY is forming an Ending Diagonal whereas CADJPY is forming a Leading Diagonal pattern.
GBPJPY recently formed a diagonal pattern which in this case we would consider to be an Ending Diagonal pattern. The sell-off could still continue prior to we haven’t seen a clear correction pattern to the downside we only see price as an impulse wave. Now we are likely to see impulse moves continue.
CADJPY Analysis
GBPJPY is not any different from CADJPY we are seeing many similarities between these two pairs they are more corralled waiting for a correction before considering the next buy trade idea. The only difference is that GBPJPY is forming an Ending Diagonal whereas CADJPY is forming a Leading Diagonal pattern.
