British Pound / Japanese Yen
Short
Updated

GBPJPY Analysis

1 064
According to theory, Wave 4 can't overlap Wave 1. It means you can hold Stop at 150.68 and sell with target much below 147.
While no forecasting methods guarantees that you sell at absolute high and buy at the absolute low, Elliott Wave analysis - and specifically Fibonacci relationships between waves - can help you identify high-probability price targets.

If you want learn Elliott Wave Principle or you need access to actual wave count everyday, contact me.
Also it will be useful to see daily wave structure:
Several easy quests for the next week
Trade active
Pair is ready to further breakdown
Note
Yeeeahhh!
Note
Easy money for Elliott Wave Analyst
snapshot
Trade closed: target reached
Beautiful trade.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.