correcton

ew-forecast ew-forecast PRO GBPJPY, 60,
GBPJPY: GBPJPY UPDATE III: Price Continuing Higher
980 3 16
GBPJPY, 60
GBPJPY UPDATE III: Price Continuing Higher

As we can see on the updated chart from yesterday, we see that price made a nice correction in wave (iv), and then made a nice reversal higher near the 38.2 Fibonacci projection, which usually acts as a support and a turning point for fourth wave corrections. Anyhow we now believe price can still reach higher levels within blue wave iii around the 1.618 and 2.0 ...

ew-forecast ew-forecast PRO USDJPY, 60, Short ,
USDJPY: USDJPY: More Weakness Could Be In Store
960 1 20
USDJPY, 60 Short
USDJPY: More Weakness Could Be In Store

If our view above is correct then JPY will gain even more in the next few sessions or even days. That said, we will keep a close eye on USDJPY for possible shorts after a pullback as leg down from March high looks like a new five wave decline in play. Our special focus should then be on black wave 4 for shorts, while 112.01 level remains in ...

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