Elliott Wave Analysis: Five Wave Move On GBPJPY Seems Completed

British Pound / Japanese Yen (FX:GBPJPY)

FX:GBPJPY British Pound / Japanese Yen

GBPJPY Elliott Wave correction impulsive

gbpjpy elliottwaves correction impulsive

Intraday chart of GBPJPY is showing us a nice five wave rally to the upside, with price now particularly trading in late stages of wave v. That said we believe a three wave decline may come in play as a contra trend reaction and later find support around the 138.29-139.05 zone.

Elliott Wave Service
👉 www.wavetraders.com
👉 Newsletter Sign up: bit.ly/3FVPVzO

Related Ideas

about GBPJPY 6

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.