British Pound/Japanese Yen made one of the expected correction patterns at the weekly timeframe. The name of this pattern is Expanding Flat (3-3-5).
British Pound/Japanese Yen was able to complete the Expanding Flat in the resistance zone, and I expect that it will go down at least to the trend line and targets that I showed in my chart.
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British Pound/Japanese Yen Analyze (GBPJPY) weekly timeframeโฐ.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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