GBJPY Third Time's a Charm?

Hello everyone:

GBPJPY has once again move up to the top of the overall structure now, and there could be a third opportunity to sell.

We can see from previous 2 sells that pushed down the price, but just failed to break lower and continue.

This is a indication that price is getting ready for a bigger correction, and is still consolidating.

Latest price finally made another move up to the top of the HTF correction, and we see LTF ascending channel correction as well as mini-double tops also.

To confirm the downside move, wait for the ascending channel to complete correcting, and look for strong bearish breakout and continuation correction to get on on the sell.

Thank you