Elliott wave analysis of GBP/JPY for May 11 – 2020

The correction from 130.63 has extended through resistance at 131.92 for a test of the 50% corrective target of the decline from 135.45. We should see solid resistance in the 133.00 – 133.18 area which ideally will be able to cap the upside for a break below support at 132.07 indicating renewed downside pressure towards […]