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Short

GBPJPY - Wolfe Waves, targeting 171.9

FX:GBPJPY   British Pound / Japanese Yen
207 0 3
Wolfe waves are known for their accuracy in terms of timing and estimated price, (IF and WHEN they are correct). That said, GBPJPY             daily charts seems to have a qualified wolfe wave . The EPA/ETA is 171.9, around 23rd July.

If you look to the weekly, the most recent candles was an inside bar and last week made a lower low and a lower high after the inside bar , indicative of a bit more downside move.

GBPJPY             is in a bullish trend , so this downward move is more like a correction. Expect a drop to 171.9 on break of 172.661 or sell from a retracement to 173.975. stops few pips above 174.535
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