Descripción
⋅ The pair might soon experience an abrupt change to the downside.
Firstly the whole move tho the upside did not have much of a correction which would be commensurable in time and price.
Secondly, the pair is potentially positioned in wave B. This causes us to think that there will be a C wave down.
Thirdly, GBPJPY is forming a pattern which Fractology identifies as a reversal pattern.
Fractology would advise waiting for a move before taking any trades. After that happens we will find a place to sell within a corrective pattern.