tomj2417
Long

Bounce coming in GBPJPY

FX_IDC:GBPJPY   British Pound / Japanese Yen
70 0 0
My analysis shows a possible upcoming bounce for the Pound against the Japanese Yen             . My Elliot wave count is shown on the chart and the parallel lines on the chart are the 0.25, 0.5 and 0.75 lines from an Andrews Pitchfork taking the 2007 high as A and the 2011 and 2015 low and high respectively as the B and C.
Comment: Only a short bounce though!
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