Bank nifty seems to be in Wave 3 of bigger wave 5. This leads us to a target of 36624, followed by wave 4 is expected which will be till 34367. And final wave 5 would be completed with a target of 41268 which is 61% Retracement of wave 3. Targets:- Wave 3 – 36,624 (Green) Wave 4 – 34,367 (Red) Wave 5 – 41,268 (Orange)
GBPJPY is near the trend line, and RSI showed oversought Enter trade when it passes 148.25 point.
we might fall to 3800 since we just tagged a fib and then continue on to 4100-4200 to finish off the local wave 5. Then an ABC correction to 3850 area