FX:GBPJPY   British Pound / Japanese Yen
possible b wave up before fall down in c wave
Comment: hoping for a higher price to short off but might not get it
Comment: we have retraced back to our projected zone. this needs to hold to for a wave 2 on the daily chart for any upward momentum and to confirm a bottom reversal
Comment: the other scenario is that it wasn't a wave 1 up but a wave 4 correction for a wave 5 down, targeting 132.00... wave 4 is possible as it only contained an abc wave structure instead of 5 waves needed for a wave 1 impulse

Comments

Still possible?
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Taylor M14SUJ
@M14SUJ, still possible yes
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Taylor M14SUJ
@M14SUJ, but I'm not convinced of the initial up move it looked more corrective, we could see a retest on the low at 133.84
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