GBPJPY - 5,000pip Target 🎯

٢ يناير ٢٠٢٢

The last time we looked at GBPJPY, we identified that the ascending correction in 2021 was very similar to the one in 2017. Since then, we broke out of the ascending correction and making our way lower.

Similarly to 2017, we are seeing a pullback straight after the break of ascending correction. The overall higher timeframe is showing us an expanded flat correction which is often a continuation pattern.

It is very possible that we will see the decline of GBPJPY for the next couple of years.

What do you guys think?

As always, goodluck and trade safe!

٢ يناير ٢٠٢٢

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