GBP/JPY Great Short Opportunity
After a 3 wave impulsive structure (on the 4hr) downwards starting from 200.570, the market has corrected in a seemingly easy to read corrective structure for another impulsive move down, This move down has the potential to be massive 500pips at least.
TP #1 190.475 (23% below the B wave)
TP #2 188.910 (61% below the B wave)
TP#3 186.400 ( would complete the third wave of the impulse move on the weekly)
GBPJPY is not officially in a bear market until the B wave is broken (191.300)
TP #1 190.475 (23% below the B wave)
TP #2 188.910 (61% below the B wave)
TP#3 186.400 ( would complete the third wave of the impulse move on the weekly)
GBPJPY is not officially in a bear market until the B wave is broken (191.300)
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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.