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Veejahbee

GBPJPY Set To Resume Higher

Long
British Pound / Japanese Yen (FX:GBPJPY)  
Veejahbee  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis GBPJPY gbpjpylong gbpjpysignal elliotwaveanalysis
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trendanalysis chartpattern waveanalysis gbpjpy gbpjpylong gbpjpysignal elliotwaveanalysis
GBPJPY is heading higher to complete a five-wave sequence. The is currently unfolding as a triangle in wave iv of a five-wave sequence.
According to Elliott Wave theory, a triangle usually precedes the last move of a sequence. If this count is correct, we should see another leg higher before any major bearish reversal.

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