EW Analysis: GBPJPY Update
Hello traders!
We want to update GBPJPY chart, which is moving nicely higher as expected and there's more upside potential at least towards 141 level for wave "c", if not even higher as part of wave "iii".
Anyway, we are always looking for minimum expectations and seems like GBPJPY can see at least one more leg up to complete a five-wave cycle within wave "c" or "iii". So, currently we are tracking a correction into a wave (iv) that can find support, ideally in the 137-136 support zone and from where we may see another push to the upside for wave (v) into our projected target area.
Respect the price action and trade smart!
If you like what we do, then please give us a like and share!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
We want to update GBPJPY chart, which is moving nicely higher as expected and there's more upside potential at least towards 141 level for wave "c", if not even higher as part of wave "iii".
Anyway, we are always looking for minimum expectations and seems like GBPJPY can see at least one more leg up to complete a five-wave cycle within wave "c" or "iii". So, currently we are tracking a correction into a wave (iv) that can find support, ideally in the 137-136 support zone and from where we may see another push to the upside for wave (v) into our projected target area.
Respect the price action and trade smart!
If you like what we do, then please give us a like and share!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
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