GBPJPY FOREX PAIR 15M TIME FRAME DATE 7/24/2024

I am currently monitoring GBP/JPY for potential bullish setup conditions. Based on ongoing analysis, it appears we are nearing the conclusion of a WXY correction phase, which could mark a pivotal turning point.

Pending confirmation of the WXY pattern, there is potential anticipation of new highs. I plan to enter a buy stop order as indicated in the image provided.

Presently, we are observing the development of leg Y following leg C. Confirmation of market strength has already formed, signaling a potential buying opportunity.