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Elliott Wave View: GBPJPY Ended Correction

Short Term Elliott Wave in GBPJPY suggests that the correction from May 27, 2021 peak has ended in wave ((4)) at 148.44. The internal subdivision of wave ((4)) took the form of a double three Elliott Wave structure. Down from wave ((3)) peak on May 27, wave (W) ended at 151.32 and rally in wave (X) ended at 155.15. Final leg lower wave (Y) ended at 148.46 which should complete wave ((4)). The pair has started wave ((5)) higher but still needs to break above wave...

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