British Pound / Japanese Yen
Short
Updated

GBPJPY 5th Wave Completion?

137
I believe I read this setup wrong when I published on the 25th.

I believe there is another wave that needs to complete before price corrects.

If this is the case, I see two possible scenarios; 1. price reaching the retracement extension @ ~129.XX or price reaching the last low @ ~131.75.

What are your thoughts on this one?
Trade closed manually

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.