Breaking news: GBPJPY, the pullback is back.
The previous scenario had revealed the existence of a symmetrical triangle, awaiting pullback confirmation, following a bearish breakout.
Even though it had been thought for a while that this bearish scenario would be invalidated. A new analysis confirms that in reality, it is valid and even already active. Moreover, the market is bearish on the substance and could well be heading right now to a lower low than the last low.
This is known, thanks to an ascending triangle ( bullish continuation pattern) which broke from below (sellers' superiority), before confirming a bearish pullback (confirmation of sellers' superiority).
Now the exit target of this last figure, in principle, brings the price below the confirmation level of the pullback of the symmetrical triangle of the previous analysis. And that's it, the loop is closed. #OPINIONLEADER#
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