piphunters
Short

GBPJPY: A monthly look - tons & tons of potential downside

FX:GBPJPY   British Pound / Japanese Yen
945 2 32
The picture for the pair is pointing for a lot of potential downside, the correction of the impulse down started on 2007 may have ended at 197 as a C wave and by all means we look to have started a new impulse down so that means we may reach 80's before end of the year, this obviously won't be a difficult task provided that GBPUSD             should resume big downside soon and USDJPY             already begun a down impulse so it's just a matter of time.

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Comment:
Comment:
I also see it plunging that low, although in terms of timing I see it taking a bit more time by mid-2018
Reply
we'll see, the global economy and stock markets uncertainty is another big reason why serious money will flow to JPY appreciating it further.
Reply
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