My view on the GBPJY pair. I believe we'll see drop further down towards the 0.618 fib level @ 158.45 before surging upwards again. This would complete an ABCD
wave reach the previous structures their highs and reaching the top of the box. I believe this will be a good point to short the GJ all the way down to the trend line/bottom of the box.
The drop down is would fit perfectly with the Stoch RSI
being oversold and the RSI
bouncing of its upward trend line
Trade with caution.