Bearish Turn For GBPJPY Near 130.04! - Elliott Wave Analysis

Hello fellow traders,

GBPJPY is recovering in a three-wave move from the lows, however it can be only temporary, as it can be part of a higher degree fourth wave correction. Possible resistance for sub-wave y of iv) can be near the 130.04 area, area of a former wave iv of one lesser degree.

If you like what I do, then you may check our services at www.ew-forecast.com . We also have an exclusive OFFER 14 DAY TRIAL For 1 EURO FX Services and 2 EURO Crypto Services.

GBPJPY, 1h

gbpjpy, 1h.