GBP/JPY Elliot Wave Count Update 12/3/201 4:00PM
Update of my earlier chart. We've tested the 38.2% retracement of the impulse three times and were unable to close above it on an hourly chart. The last test was rejected strongly and we are now sitting in a range between the 38.2%'s (bold lines).
I'm looking for a (b) wave to be put in and then more upside as we retrace more of the initial impulse.
Update of my earlier chart. We've tested the 38.2% retracement of the impulse three times and were unable to close above it on an hourly chart. The last test was rejected strongly and we are now sitting in a range between the 38.2%'s (bold lines).
I'm looking for a (b) wave to be put in and then more upside as we retrace more of the initial impulse.