GBPJPY played out exactly how we outlined on our analysis. We called the top, followed by a bearish retracement towards $176.500. If you caught the top, you would have caught 730 PIPS towards our Wave IV target.
Now towards the next target of $190 (Wave V)!
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GBPJPY price action playing out EXACTLY as highlighted on the first analysis🔥😂 We saw that original drop towards Wave IV, catching 760 PIPS, now price has pumped straight back up, climbing towards our Wave V target. So far up of 1,000 PIPS!
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GBPJPY buy now running 1,100 PIPS in profit, since it bounced off our Wave IV low. Market is close to its Wave V target. Most likely next week this buy position should hit its target & be closed out after 120+ days of holding🤞🏼