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 timeframeâ°.
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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