Elliott wave analysis of GBP/JPY for July 14, 2020

GBP/JPY fell a bit lower than we expected. The question is whether a deeper correction is needed before the next impulsive rally occurs or short-term key-support at 134.26 will be able to protect the downside for a rally above short-term key-resistance at 135.92 and higher to 139.74. A break below key-support at 134.26 will call […]