GBPJPY - Building up for the long move before BOJ decision
We see price rejecting off the trendline twice now.
The two touches can be seen as an ABC correction of the previous move up (minor 4th wave of the major 3rd wave).
One more leg up to complete the 3rd wave, and then we'll see the big drive for the 5th wave up to the 88.6% after BOJ and UK news come out.
Looking for a big correction as well after.
The two touches can be seen as an ABC correction of the previous move up (minor 4th wave of the major 3rd wave).
One more leg up to complete the 3rd wave, and then we'll see the big drive for the 5th wave up to the 88.6% after BOJ and UK news come out.
Looking for a big correction as well after.
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.