Turning Down Again

FX:GBPJPY   British Pound / Japanese Yen
89 0
The current wave up seems to end at the MA.
Mar 15
Comment: Just to give some more explanation:
In the beginning of March we passed the October/November support zone to the downside. Now we have retested this level from the downside. It is only a test back to the old October/November levels. I think that this test has failed.
But, of course, for a further substantial drop it is neccesairy that we are able to pass the red/pink support zone again.
Mar 19
Trade closed: stop reached
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