Rally from September 21, 2020 low in $GBPJPY is unfolding as a 5 waves impulse Elliott Wave structure. Up from September 21, 2020 low, wave (1) ended at 140.7 and pullback in wave (2) ended at 136.79. Pair resumed higher again and ended wave (3) at 152.55 as 1 hour chart below shows. Wave (4) […]
Elliott Wave View: GBPJPY Rally Likely to Extend Higher
GBPJPY rally in impulsive structure from January 18 low and pullback likely continues to be supported. This article and video look at the Elliott Wave path.
GBPJPY Elliott Wave View: Bulls Are Expected To Remain In Control
GBPJPY is showing 5 waves rally from the lows suggesting that bulls remain in control. This article and video look at the Elliott wave path.
Elliott Wave View: GBPJPY Zigzag Correction in Progress
GBPJPY ended cycle from June 21 low. Pullback is currently unfolding and could reach blue box area soon, where pair can see 3 waves bounce at least.
Elliott Wave View: Bullish Sequence in GBPJPY
GBPJPY shows bullish sequence from March 18 low. Near term, while above 8/28 low, expect dips in 3,7,11 swings to find support for more upside.
Buying The Dips In GBPJPY At Blue Box
In this blog, we are going to take a look at the Elliott Wave chart of GBPJPY. The pair is showing a bullish sequence from March 18 low. Therefore, the dips in 3,7, or 11 swings are expected to continue to be supported for more upside. The 1 hour chart update from August 21 shows […]