Elliott Wave Analysis: Triangle On GBPJPY Points Lower

FX:GBPJPY   British Pound / Japanese Yen
On the 4h chart of GBPJPY we are looking at a triangle correction pattern taking place, that is located in black wave 4 with still two more waves to go, waves d and e for the full completion of the pattern. That said intraday structure suggest that price could be now trading in blue wave d-circled, after recently completing blue wave c around the 139 area.
As we know a triangle correction is a continuation pattern that can after its completion point to lower levels, as in this case.
FX and Crypto Service:
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out