ew-forecast

GBPJPY Update II: Running Triangle

FX:GBPJPY   British Pound/Japanese Yen
GBPJPY             has turned down last week, but notice that weakness occurred after a completed three wave rise from 191.00 to around 195.30. This is a corrective structure that belongs to a bigger and more complex pattern. Our primary scenario shows idea of a triangle placed in blue wave (b)-circled so uptrend could still continue but after wave (e) is done.


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