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wsbza

Ugly triangle?

British Pound / Japanese Yen (FX:GBPJPY)  
wsbza Updated   
FX:GBPJPY   British Pound / Japanese Yen
Wave Analysis Chart Patterns Trend Analysis
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waveanalysis chartpattern trendanalysis
There are bullish structures for this pair, but if it reverse to the downside sharply, I may consider the possibility of this triangle
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number of other options
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short-term bearish potential
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actually it may end up like what EURCAD did before
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another 3 waves rally is done? ready for further decline?
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bearish count as follows, but the yellow minute wave 2 may look slightly smaller
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anyway, a solid break below 141.196 would suggest yellow minute wave 5 is under way, probably re-test the previous low of 138.672
another push above 142.993 would probably burn this wave interpretation into ash
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another possible bearish interpretation
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a potential ending diagonal ?
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'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'


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