GBPJPY has just completed a 5-3 "impulse-corrective" Elliot Wave cycle.
The correction is retesting a weekly support level that lined up with a 50% Fib ratio.
Price has the potential to move higher in wave C to complete the zigzag. Target above wave A high is plausible.
What's your view on GBPJPY?
The correction is retesting a weekly support level that lined up with a 50% Fib ratio.
Price has the potential to move higher in wave C to complete the zigzag. Target above wave A high is plausible.
What's your view on GBPJPY?
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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.