An Elliot Wave Technical Analysis For Gbp Vs Jpy

[Jebatfx]

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[Jebatfx]

At the moment, I am looking toward a potential of another bullish continuation trend scenario in yellow. A Bear Trap pattern would bolster to this scenario. Otherwise, we may see another bearish continuation trend scenario in white. Good luck.

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[Jebatfx]

Preferably, I believed market in progress to perform major wave 5 either in yellow or aqua. Please be extra careful that market also have a potential to complete a corrective wave b in white either at (FR61.8%) or a double top pattern. Good luck and happy weekend.

Please welcome to view the latest technical chart analysis here - http://www.asiafxtraders.com

 

[Jebatfx]

Gbp vs Jpy (1H)

At the moment, market either in progress to complete subwave 3 @ iii either refering to the alt count in yellow or aqua. Therefore, I am execting toward a bullish retracement trend scenario either to perform subwave 4 @ iv in yellow or aqua later. Otherwise, we may see an extension of subwave 3 in white.

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