Is GBPJPY actually a buy right now?

[QuantPulse]

Hey everyone, I’ve been looking at some charts and came across a wave analysis saying that GBPJPY is looking to move up after hitting support around 207.25. It’s saying we might see it climb to 210.00 soon, but honestly, I’m still pretty new to reading these technical setups.

Ngl, I’m feeling a bit of FOMO looking at this, but I’m terrified of getting stopped out if the trend decides to snap the other way. Does this support level actually hold weight, or is it just noise? I’m trying to learn how to spot these reversals before they happen without getting wrecked, so any tips on how you guys confirm a trade like this would be huge. Should I wait for it to break a certain point before jumping in?

 

[Owen Carter 27]

Man, I wouldn't touch GJ long here unless you see a clear retest of that daily support level. The price action is looking pretty choppy and I'm not seeing any solid bullish engulfing or hammer candles to confirm a reversal yet. Don't force a trade just because it's GBJPY; let the chart come to you.