Here on the GBPJPY 10 Hour Time Frame, we are expecting an overall bearish swing move to the downside after break of trendline. However, we may see an impulsive break of the trend curve to the upside as price is currently in a bearish correction, to run-off liquidity; likely, a clearer price pattern may be formed for SHORT entry. Hence, we’ll rather be reactive and not predictive on these moves, responding to price behavoiur at these levels.
NB: Same can be seen on the Daily Time Frame.
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