FX:GBPJPY   British Pound/Japanese Yen
94 0 3
GBPJPY             daily chart wave count
Currently trading wave 2 in monthly timeframe , this subdivided in daily ABC            
It is analog to the 1-2 wave made in 2012 before the rally

In this correction
wave A was completed from 196 to 180
wave B was from 180 to 189
wave C is unfolding in ABC             .... this one wave A from 189 to 152             , wave B is currently trading

The question now is if wave B is complete, 2 options

option 1) BoJ selling was a mini wave B, then we can expect a recovery towards 168 for a better selling level
option 2) wave B is complete then a move below 152             would confirm selling entry

This is 2 trades:
Short at 168 or short below 152             for a target of 130
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out