farid_ardavani
Short

GBPJPY is ready for a wave to downside

FX:GBPJPY   British Pound / Japanese Yen
112 0 7
this correction pattern is about to end. its a flat type of correction.
"STILL" it has room for more upside, maybe for making an ending diagonal .
I will be a seller only at a break below wave 4 shown in the chart or if it goes more upside and makes an ending diagonal , I will enter upper on the break of ending diagonal
Comment: So price broke the trendline to the upside and the trade i was looking for had never triggered.
below is possible future movements which suggests that there will be a corrective phase (maybe) to 50-61.8% levels.
A correction after this break is an opportunity for joining the wave going up.
Comment: compare my previous labeling with this one. this is an updated labeling. Since structure change, I change the labeling.
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