Get started
Veejahbee

GBPJPY Is Heading Higher In Five-Wave

Long
British Pound / Japanese Yen (FX:GBPJPY)  
Veejahbee  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis GBPJPY gbpjpylong gbpjpysetup gbpjpysignal
0
1
trendanalysis chartpattern waveanalysis gbpjpy gbpjpylong gbpjpysetup gbpjpysignal
GBPJPY seems to have completed Elliott Wave 3-3-5 regular flat pattern correction in circled wave 4. The wave (c) of 4 perfectly hit 123.6% fib extension + 4-hour order block.

The breach of the green level will indicate that the correction has bottomed and the price is resuming higher in wave 5 of iii.

What's your view on GBPJPY? Let me know in the comment.
Thanks.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.