market-range

Price reaction to the weekly level

Long
OANDA:GBPJPY   British Pound / Japanese Yen
We are in a long-term uptrend. From the point of view of Elliott's new style (NEoWave), as mentioned in the previous analysis, we are in a diametric ascending correction and the e-wave is from it. The price will eventually reach the daily level, which nested in the weekly level.In my opinion, the current short-term uptrend will continue and the normal e-wave target is available.
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.