GBPJPY corrective structure

FX:GBPJPY   British Pound / Japanese Yen
55 0 2
GBPJPY             undergoing wave B corrective structure. Short term will be watching for sell setup up TP 158. XX             .

Longer term will be watching for long setup to ride on wave C of corrective structure
Trade closed: target reached: Sell order at 160.93, being 50% int. ret EOW 2 of wave C.

TP reached for EOW C (EOW B) at 61.8% int. ret of wave A + 61.8% APP of w.a from w.b

close trade at 158.72
Comment: We missed the initial upward rally. We will be looking for buy setups to ride on EOW 5 projections.

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