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glennmercer

GBPJPY Elliott Wave Count: Potential Wave-C to Bat

Short
British Pound / Japanese Yen (FX:GBPJPY)  
glennmercer Updated   
FX:GBPJPY   British Pound / Japanese Yen
Bat Elliott Wave
5
0
batpattern elliottwaves
Looks like the CPI numbers put the pound into a deeper drop to start a potental wave-C. There is likely more to come.
Trade closed manually:
snapshot

I am more comfortable closing this with a small profit. Looks like a potentially completed ABC and small win is less risky. Looking at bullish AUDJPY with weakness displayed in the yen.
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