GBPJPY in ascending triangle, looking to breakout to the upside towards mentioned target
Daily is in a holding pattern ascending triangle looking to break out to the upside for further correction up to target areas.
4H Triangle in progress possible breakout to the upside, target 194.22 50% fib retracement daily
After dropping back down to support as in previous forecast , now possible target of the highs again.
DXY heading back to support before possible push up to test the top
GNPJPY possible long. above daily support at 159.94 for further targets up as marked. A sustained break below 159.94 invalidates this scenario for now as a possible correction down is over due.
GBPJPY possible long for correction up from daily low . target 153.60+.. A break of the low invalidates this scenario for further downside.
Possible long, confirm on break out of 18906 for a target of 1907
GBPJPY possible long then short for further downside targets
GBPJPY potential short wave 4 down but break of the high invalidates this scenario and triggers wave 5 for further up towards 160
GBPJPY daily has created a double bottom, if this holds could target the top and beyond.
currently min wave 4 up correction will look for price to hold bellow or around 152.36-50 for possible wave 5 down . A clear break of here will target more upside possible high
Weekly update , scenario 1(Red) wave 4 correction down in progress currently splitting into abc correction on daily for possible wave 5 up. scenario 2 (Blue) if break of top @156.06 will trigger wave5 and wave 4 already in place
GBPUSD is in a retracement down having already broken the 23% level. If this is wave 2 down it's likely to target 50-61% levels possibly. Check my weekly/daily chart for smaller waves
GBPUSD is in correction down from the top now in wave C. If these break it will trigger a wave 3