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Hokusai_FX

GBPJPY 11June2023

British Pound / Japanese Yen (FX:GBPJPY)  
Hokusai_FX  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Wave Analysis GBPJPY gbpjpyidea gbpjpyanalysis gbpjpyupdate gbpjpyelliotwave gbpjpyoutlook gbpjpyforecast gbpjpytrade
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trendanalysis waveanalysis gbpjpy gbpjpyidea gbpjpyanalysis gbpjpyupdate gbpjpyelliotwave gbpjpyoutlook gbpjpyforecast gbpjpytrade
a bullish trendline has been formed with 3 areas touching, in my opinion the price will rise quite high in the medium term. the initial target is fibo extension 1. where the length of wave 5 is equal to the length of wave 3. the price can be said to be bearish when the price can go down through the bullish trendline. the best option right now is to look for a moment to go long.

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