FX:GBPJPY   British Pound/Japanese Yen
This post has more analytical value than trading aspect.
Tomorrow is BREXIT election which can really moves the GBP pairs.
GBPJPY             has the clearest elliott wave structure in GBP pairs and this structure shows that a 5 wave impulsive move ( A wave of bigger structure) could be over and now its going for a correction to upside as wave B.
So, this structure shows that price have to make a wave to the upside.
don't forget trading these kinds of movements is highly risky and it may make a huge wave or gap to the downside because of some fundamental reason, but this structure, elliott wave theory, divergence and technical analysis suggesting upside.
lest see how is it going.
But for last words, I recommend not trading all GBP pairs for a while.

Related Ideas

veritasfx
5 months ago
This is only a BREXIT wave, be careful
Reply
farid_ardavani veritasfx
5 months ago
yes, its a chancy one but based on elliott wave analysis!
Reply
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