Elliott wave analysis of GBP/JPY for August 4, 2020

GBP/JPY should continue rising to resistance at 140.35 to complete blue wave iii and set a stage for a temporary correction towards 137.74 before entering a new impulsive rally higher towards 144.29 on the way towards 148.32. Support is currently seen at 138.34 and again at 137.74. R3: 140.35 R2: 139.80 R1: 139.20 Pivot: 138.75 […]