KVE
Long

GBP/JPY: Possible upside towards 135

FX:GBPJPY   British Pound/Japanese Yen
158 0 10
Based on previous wave structure we might have finished wave 5 of 5 in July.

The structure after that however still looks rather corrective, i.e. like a triangle...
If the count is incorrect and we only finished wave 3 in July then we might get another wave down after the triangle completes at E...

I do however think that the count is correct and we might therefor just break the upper triangle boundary to the upside... In any case based on the divergence, overbought condition of the stochastics and after the gap down on the open today we have a good position to enter a longterm long with stops tight below the lowest low and 1st target around 135 (much higher if we break that trendline!).

United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
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 Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out