Caipora

GBPJPY 24JUL16 Forming a wave to go UP

FX_IDC:GBPJPY   POUND STERLING / YEN
110 0 3
GBPJPY             looks like wants to form a wave to go UP above 150.
One probable setup among many others to reach that target will be by making a wave like this one going to around 145.8 and return to 131.36.
If that is the case, a way to reach 145.8 will be using 137.12 as an impulse, but can't go direct, must go first to 140.94 in order to sync with higher time frames.
Good luck!


General Notes
These points could overpass a little as long as the impulse will be there, usually on a 4H or Daily UTC server, not here at Tradingview unfortunately that is sync with the nonsense 18H00 NY time (????).
As always I am only predicting where things happens, not when, because that really depends on others factors as the agreement of all major sessions - London, NY and Singapore - and also on Events, the fast motion tool.
Also those points are not random or just imagination, they are in fact result of my calculations based on wave counting, measurement and convergence.
Of course this is a personal and original idea and not bulletproof, so don't blame me if it doesn't work. :-)
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