USD/JPY & GBP/USD Update
USD/JPY
The secondary trend on the USD/JPY has printed a trend-changing pattern after breaking above the pullback structure.
This move gives us a piece of crucial information, that we can buy at the low after the current wave structure is complete.
Currently, our high probability trade is selling now to buy later.
GBP/USD
The Cable is bearish because we have seen three trend-changing patterns that constitute a downtrend in the GBPUSD.
Overall the major trend is now resuming to the downside and we want to sell every rally that failed to make a Higher high.
The secondary trend on the USD/JPY has printed a trend-changing pattern after breaking above the pullback structure.
This move gives us a piece of crucial information, that we can buy at the low after the current wave structure is complete.
Currently, our high probability trade is selling now to buy later.
GBP/USD
The Cable is bearish because we have seen three trend-changing patterns that constitute a downtrend in the GBPUSD.
Overall the major trend is now resuming to the downside and we want to sell every rally that failed to make a Higher high.
