Expecting 1 more downside correction on GBPJPY, before we see the FINAL impulse move to the upside. Expecting buyers to peak around $190-$194, before downtrend begins.
โญ๏ธ3 Sub-Wave Impulse Complete for Wave 5.
โญ๏ธ2 Sub-Waves (IV, V) Still Pending.
โญ๏ธSelling Momentum Slowing Down.
โญ๏ธ3 Sub-Wave Impulse Complete for Wave 5.
โญ๏ธ2 Sub-Waves (IV, V) Still Pending.
โญ๏ธSelling Momentum Slowing Down.
์กํฐ๋ธ ํธ๋ ์ด๋:
We're currently seeing a bearish rejection play out on GBPJPY which I highlighted on yesterday's analysis. Price has dropped down 90 PIPS so far. If you're looking for a sell entry, drop down on the 4HR TF, wait for minor structures to be broken + a retest, as a confirmation of sell.
์กํฐ๋ธ ํธ๋ ์ด๋:
GBPJPY bearish move playing out nicely. Since we posted this analysis, we saw a bearish pin bar form, indicating that buyers have run out of momentum. Market is now down 240 PIPS SO FAR๐
์กํฐ๋ธ ํธ๋ ์ด๋:
GBPJPY played out exactly how we outlined on our analysis. We called the top, followed by a bearish retracement towards $176.500. If you caught the top, you would have caught 730 PIPS towards our Wave IV target.
Now towards the next target of $190 (Wave V)!
Now towards the next target of $190 (Wave V)!
์กํฐ๋ธ ํธ๋ ์ด๋:
GBPJPY price action playing out EXACTLY as highlighted on the first analysis๐ฅ๐ We saw that original drop towards Wave IV, catching 760 PIPS, now price has pumped straight back up, climbing towards our Wave V target. So far up of 1,000 PIPS!
์กํฐ๋ธ ํธ๋ ์ด๋:
GBPJPY up 720 PIPS in profit so far from our POI. Price action still playing out as expected & we can see that bullish momentum is slowly dying down. This indicates that price will most likely top out around our $190 zone as we predicted. This'll be followed by a HUGE BEAR MARKET๐ฉธ
๊ฑฐ๋์ฒญ์ฐ: ํ๊ฒ ๋ฟ์:
GBPJPY BUY (WAVE V) - BEFORE & AFTER๐ฅ
Recommended to close out GBPJPY buy positions now, as Wave V zone has pretty much now been reached. Price will range for the remainder of 2023, before dropping in 2024๐
- 1,230 PIPS Profit Secured๐ฏ
- Holding Period: 120 Days๐ฏ
- Called LIVE For You All๐ฏ
Recommended to close out GBPJPY buy positions now, as Wave V zone has pretty much now been reached. Price will range for the remainder of 2023, before dropping in 2024๐
- 1,230 PIPS Profit Secured๐ฏ
- Holding Period: 120 Days๐ฏ
- Called LIVE For You All๐ฏ