Price is approaching 88.6% fib which will imply the possibility of a bullish bat pattern
Possible fakey setup formation,if a sell signal occurs at 1518.0 region then i look forward to a sell to 1465.0 region which is 88.6 % fib. This view put butterfly harmonic pattern a step closer to forming.
This sell move with TP target of 113.0 or 161.8% fib will signal the end of wave 3
GPYJPY had seen a sell of in recent month but my analysis shows that price is currently approaching the end of wave 3, if my analysis plays out then the profit target could be 113.0 or 161.8 % fib @ such TP target will end wave three then we can see a strong buy of wave 4