Currency

GBPJPY wave development

FX:GBPJPY   British Pound / Japanese Yen
141 1 3
I changed my wave count after GJ produced a more complex correction while breaking the trend. It possibly made a wxy zig zag and could be making another smaller similar pattern going down. If price action prove this to be true, then a buy near 132.50 may be the best entry to take advantage of the next big wave going up. The violent upswing on the most recent x wave hints that price WANTS to go higher, but for now, it might make one more low to complete the corrective wave.
its happening! :)
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