GBP/JPY Elliot Wave Count Update 12/3/201

FX:GBPJPY   British Pound / Japanese Yen
GBP/JPY Elliot Wave Count Update 12/3/201 4:00PM

Update of my earlier chart. We've tested the 38.2% retracement of the impulse three times and were unable to close above it on an hourly chart. The last test was rejected strongly and we are now sitting in a range between the 38.2%'s (bold lines).

I'm looking for a (b) wave to be put in and then more upside as we retrace more of the initial impulse.


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