#GBPJPY Elliott wave analysis
There is a high possibility that we are approaching the end of wave 3 of a 5-wave bearish impulsive move.
At the end of this current minor bearish move, we could expect a bullish 3-wave corrective move, which could complete wave 4. After this correction, we should anticipate another drop to complete wave 5.
Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
At the end of this current minor bearish move, we could expect a bullish 3-wave corrective move, which could complete wave 4. After this correction, we should anticipate another drop to complete wave 5.
Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
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