Gbpjpyidea
GBPJPY Daily Analysis - Price ActionGBPJPY has broke are 144.000 Level with no hesitation. That being said, I would like to see a retest around 144.000 and short to the downside. I think we can very well come all the way back down to the level 140.000 over the upcoming weeks. I would be looking for SHORT opportunities than buying, since we are in the DOWN trend with a break of the recent lows.
GBPJPY Completing Movement of Wave CThis pair has made wave a and wave b has ended. The thing that will happen after that is this pair will make movement towards point c.
The price at point b is 147,000. This price will remain valid if the price does not move lower than 145.00, so it can make a move to point c.
if viewed to a lower time frame that is H4, this movement has been cornered with the confirmation of a strong price movement that will push the price move higher. The recommendation we provide is to buy up to point movement point c and stop loss between 145,000 to 144,000.