GBPJPY starting the wave 5 ?
https://www.tradingview.com/chart/V9wt4zcb/
*Elliott Wave Analysis: GBP/JPY on 8H Chart
*Wave 1: Initiated at 188.661, marking the start of an impulsive bullish wave.
*Wave 2: A correction to 178.480, representing a natural retracement after the initial surge.
*Wave 3: Ascended to 200.398, typically the longest and most robust wave in an Elliott Wave sequence.
*Wave 4: A minor correction to 191.433, setting the stage for the final leg up.
*Wave 5: Currently underway, with potential targets at 200.013 or the 1.618 Fibonacci extension level at 208.595.
*The completion of Wave 5 would mark the end of the current bullish cycle, after which a larger degree correction could be anticipated
*Elliott Wave Analysis: GBP/JPY on 8H Chart
*Wave 1: Initiated at 188.661, marking the start of an impulsive bullish wave.
*Wave 2: A correction to 178.480, representing a natural retracement after the initial surge.
*Wave 3: Ascended to 200.398, typically the longest and most robust wave in an Elliott Wave sequence.
*Wave 4: A minor correction to 191.433, setting the stage for the final leg up.
*Wave 5: Currently underway, with potential targets at 200.013 or the 1.618 Fibonacci extension level at 208.595.
*The completion of Wave 5 would mark the end of the current bullish cycle, after which a larger degree correction could be anticipated
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