GBPJPY FOREX PAIR 15M TIME FRAME DATE 7/232024
Currently monitoring GBP/JPY for potential bullish setup conditions. The current setup appears promising, as we observe the conclusion of the WXY correction phase, which could serve as a pivot point.
Once we confirm the WXY pattern, we can anticipate potential new highs. However, there are critical details yet to be clarified, making this setup inherently risky until internal impulses are evident.
Currently, we are in the midst of developing leg Y following leg C. If we observe strength entering the market, it may signal a buying opportunity.
I will provide updates once an opportunity becomes evident.
Once we confirm the WXY pattern, we can anticipate potential new highs. However, there are critical details yet to be clarified, making this setup inherently risky until internal impulses are evident.
Currently, we are in the midst of developing leg Y following leg C. If we observe strength entering the market, it may signal a buying opportunity.
I will provide updates once an opportunity becomes evident.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.