A possible swing high around 1.1094 then we should continue to down
From here we should start to move through 1.30 level. Breach of 1.25 might be needed as a confirmation.
Current down move from ~1.2660 level should be the last leg of the Wave (iv) triangle that covered entire February.
It looks 3 weeks triangle is coming to end. Any break above will trigger a move to ~1.30 level.
GBPJPY heading down and it looks that this movement still has some room to go. Look for bullish turning indications when it move below 178.
Looking forward 0.7820 levels to short EURGBP which should go considerably below 0.7783 low
It looks we target DB target on the upside which is also 33.3% retracement for Wave . Once it turned down we should have another lower low below 0.8030
Copper should go above 2.949 before going below 2.865
First target is 1250 (Murrey Math Level) above for Wave (iii), then expect a pull back to 1228-30 support level.
Alternation rule of HEW suggests thats AUDJPY is looking for a deep retrace
It looks we are final phase of bullish leg before a considerable correction through to parity
It looks we saw bottom for Wave and potential Wave i, ii & Wave a of Wave iii. So odds are nice for a long set up
Wave B correction in action. Probably targets are 5380, 5402 or even 5417