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Linton_White

GBPJPY Bearish Corrective Structure

Short
British Pound / Japanese Yen (FX:GBPJPY)  
Linton_White Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis GBPJPY gbpjpyshort poundsterling yen correction correctivestructure wavetrading gbpjpyanalysis
3
2
trendanalysis chartpattern waveanalysis gbpjpy gbpjpyshort poundsterling yen correction correctivestructure wavetrading gbpjpyanalysis
My previous analysis on GBPJPY
GBPJPY Creeping Towards My Take Profit Then What?
has played out exactly as expected.

We are currently in a smaller corrective structure which will complete wave 4 on the larger time frame when it breaks. The corrective structure could break now or alternatively we could see one more wave up before the downside break.
Comment:
Initial Target to the bottom of the structure was reached.

Contact me via direct message for further analysis.

Happy trading!
Linton
Trade closed: target reached:
Target Achieved
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