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GBP/JPY in a 5 3 5 corrective wave

GBP/JPY in a 5 3 5 corrective wave

 

GBP/JPY is probably reaches now the 145.1xx level to form its B leg in a 5 3 5 corrective wave; for an extension at B leg we expect a further down to 141.3xx in the coming days.

So levels to watch

  • support at 145.1xx, a breakdown that support zone could lead the price action lower to 141.3xx.
  • if 145.1xx would be well supported, then a further up move will form the C leg to 150.09x again.

Take your look at the depicted chart for more reference:

 

trade well!

 

 

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