GBPJPY is trading in a potential three-wave decline, labeled as a-b and c. We see waves a and b completed, which means current intra-day drop lower can be wave c. Ideally wave c will now reach even lower levels and later search for a base near the middle or lower channel line. The Fibonacci ratio of 100.0 can also act as a region of support and push price higher.
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FOREX, US Single STOCKS, CRYPTO
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Stocks are free!
Learn Elliott Waves
👉 wavetraders.com/academy/
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👉Explore Our Services @ wavetraders.com/elliott-wave-plans/
Stocks are free!
Learn Elliott Waves
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Newsletter Sign up
👉 bit.ly/3FVPVzO
Related publications
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.