Elliott wave analysis of GBP/JPY for May 15 – 2020

GBP/JPY has broken clearly through short-term key-support at 131.88 indicating more downside pressure towards 128.53 on the way to just below 123.99. So, it is likely to complete the final decline from 147.95. Short-term resistance is now seen at 131.88 (former support turns to resistance). Ideally, this resistance will continue to protect the upside for […]