justatrader
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
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out