GBPJPY Look for continuation sell

20 apr 2021

Hello traders:

Most JPY pairs are also showing some bearish price action and GBPJPY looks the cleanest for me.

We see the previous sell setup from the top of a double tops, "M" style pattern, and then price falls into an expanding correction.
WE can start to see a HTF Head and Shoulder as well.

As we know expanding type of correction can be more advance, so I am patently waiting for further confirmation form the price.

Preferably we get a LTF continuation correction within the expanding structure and that can lead into the next bearish impulse phrase from the market.

Alternatively, if price just breaks out of the expanding structure and as usual look for continuation correction after.

Thank you