Get started
RetryAt30

GBP/JPY Wave Analysis on 4H

Long
British Pound / Japanese Yen (OANDA:GBPJPY)  
RetryAt30  
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Elliott Wave GBPJPY
0
1
trendanalysis chartpattern elliottwaves gbpjpy
Latest price hovering between 50-61.8% retracement which is also support zone.

Waiting for momentum shift (bearish to bullish) to retest blue resistance zone.

Chart Patterns:
  • Flag pattern.
  • ABCDE Triangle forming.

Support & Resistance:
Green zones: Daily
Blue zones: 4H
Yellow zone: 1H

Elliott Waves:
Black ABC: Flat Wave with ending diagonal (i, ii, iii, iv, v)
Green ABCDE: Contracting triangle
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.