KN_FXtrader
Short

GBP/JPY Technical Analysis

FX:GBPJPY   British Pound/Japanese Yen
We can see a possible Elliot Wave pattern as shown in the chart. The target is at the area of 157.27/156.27. A breakout of fobonacci levels (strong resistance level ) however, would lead the price higher to 188.84 where is the beginning of wave 3.
Trade closed: target reached
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