ronaldsaw

ABC Correction. Wave B near completion

Short
ronaldsaw Updated   
FX:GBPJPY   British Pound / Japanese Yen
5
Wave A complete and Wave B almost complete. It should hit the 618 fib at around 145.50 mark.
It looks like a good idea to go short if you're not already in. first target: 143.3 and if it pushes that it will most likely hit 142.00 which are .50 and .618 fibs. Maybe even lower.
Comment:
It didn't hit the .618 but it rejected the price.
Looking now to complete wave C. Rule of alternation; Wave B was complex so looking for a quick swift completion of wave C.
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