Possible fakey setup formation,if a sell signal occurs at 1518.0 region then i look forward to a sell to 1465.0 region which is 88.6 % fib. This view put butterfly harmonic pattern a step closer to forming.
GPYJPY had seen a sell of in recent month but my analysis shows that price is currently approaching the end of wave 3, if my analysis plays out then the profit target could be 113.0 or 161.8 % fib @ such TP target will end wave three then we can see a strong buy of wave 4