GBPJPY Update II: GBPJPY Trading In A Correction

Long

British Pound / Japanese Yen (FX:GBPJPY)

FX:GBPJPY British Pound / Japanese Yen

GBPJPY Elliott Wave

gbpjpy elliottwaves

On the Daily chart price is trading in a correction in black wave 4. That said price may reach the fibo. level 0.382 of previous black wave 3, before turning to the upside. Invalidation level is at 184.470, as long as this level is not breached we are expecting a bullish turn, because wave 4 must not trade into wave 1.

Elliott Wave Service
👉 www.wavetraders.com
👉 Newsletter Sign up: bit.ly/3FVPVzO

Related Ideas

about GBPJPY 4

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.