a flat correction could have been completed for GBPJPY

FX:GBPJPY   British Pound / Japanese Yen
80 2 6
an a-b-c flat correction could have been completed, GBPJPY             may hit a new high in coming days. Alternatively, the 5 wave down can be wave 1 of a larger trend down. In this case price will be capped below 195.85. Immediate bias is up for GBPJPY             .
nice ,could also be a more complex correction than an abc. (Just a heads up)
+1 Reply
colinsheen anilmangal
yeah, the 4th wave is really hard to predict
+1 Reply
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