FX:GBPJPY   British Pound / Japanese Yen
possible b wave up before fall down in c wave
Comment:
hoping for a higher price to short off but might not get it
Comment:
we have retraced back to our projected zone. this needs to hold to for a wave 2 on the daily chart for any upward momentum and to confirm a bottom reversal
Comment:
the other scenario is that it wasn't a wave 1 up but a wave 4 correction for a wave 5 down, targeting 132.00... wave 4 is possible as it only contained an abc wave structure instead of 5 waves needed for a wave 1 impulse
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.