Trader-VincentH

[UK session]Wave 4 confirmed, GBPJPY Goving Down

Short
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY formed 5 wave structure in 30 minutes chart, confirmed wave 4 near 148.5 today, heading down in uk session.

If structure goes well, 145 may be the ultimate goal.

But given the situation that Japan is holding presidential election, which may not that easy to move that far.So technically, u can watch out levels near 147, since price broke the small neckline of double top.

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.