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Walid_Aboeldahab
Apr 25, 2018 12:51 PM

GBPJPY is about to end a bullish correction and bearish expectat Short

British Pound/Japanese YenFXCM

Description

On the medium to long term, and from the bottom 2 last March at 144.88 and the pair moves in driving and overlapping wave corrections down to the top of 153.83 before Rebound down to correction
The price has formed during the downtrend from the top two waves, currently the price is likely to end the second, which is a correction of the first wave in preparation for the decline to complete the third wave

The next bearish wave may target 150.30 levels

Fibo Cluster is trading around 150.30 levels in relation to the three corrections that the price action during the ascending journey has made from 144.88 to 153.83
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