traderpulse

GBP/JPY Wave analysis

Long
FX:GBPJPY   British Pound / Japanese Yen
The counter is in downtrend. And it is currently consolidation after a long bear run.
It has completed its wave A and B of the flat correction.
We expect the wave C to move up to 161.8 extension of AB which also coincides with a price action resistance.

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.