moesalama

another tough decision for the gbpjpy

FX:GBPJPY   British Pound/Japanese Yen
15 0 0
i got two major scenarios for the gbpjpy             as shown in the chart.

my first scenario - up - is built up on the counting of i ii i ii i ii, with all motive waves i moving in a very clear motive structure and its corrections all ended near the last corrective wave of the movement.

my second scenario - down - suggests that the pair is completing i ii iii             iv v vi vii             movements, which represent a strong reversal pattern.

if i want to sell, i will wait for one more high beside 195.20,

am already long from 193.10 - am waiting for the next 1 upward movement to make up my decision

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