Chart : GBP/JPY

3天前

Harmonic Analysis:

The GBP/JPY chart clearly shows a "Shark Pattern," with the D point nearing completion at the 197.1 to 197.5 zone.
This Shark pattern suggests that if the D point is reached, the market might face a downward move or reversal.
Opportunities and Risks:

Opportunity: If GBP/JPY reaches 197.1-197.5 (the D point), a reversal to the downside could occur.
Risk: If the price breaks above 197.5, the Shark Pattern might fail, leading to further bullish momentum.
Recommendation:

Wait for GBP/JPY to reach the 197.1-197.5 zone before taking any action. If the market reverses at this level, it could provide a good opportunity to short the market.
Conclusion:
GBP/JPY: Watch for the Shark Pattern completion (197.1-197.5).