British Pound / Japanese Yen
Long
Updated

GBPJPY - Beginning of a new rally? (Elliott Wave)

137
GBPJPY could now be fully retraced within a wxyxz correction.
I expect now the continuation of the trend -> start of wave 5.

If you wanna take the risk you can use the risky entry.

My TP temporarily is 143.865. I will regularly update this post if my analysis is correct.

If you agree with my analysis please leave a like and follow my idea.
Let me know your view in the comments.
Order cancelled
Note
GBPJPY is forming a corrective wave b.

snapshot
Note
*GBPJPY is forming a corrective wave 2 with a ascending triangle pattern.

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