Elliott wave analysis of GBP/JPY for July 1 – 2019

GBP/JPY has cleared short-term important resistance at 137.33 indicating that wave 2 completed with the 135.35. Now wave 3 is in motion for a new impulsive rally that ultimately should break above the 148.87 peak. Short-term support is now seen at 137.20 with important support seen at 136.24. This later support must protect the downside […]