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ew-forecast

GBPJPY May Face Resistance Soon

Sterlina / Yen giapponese (SAXO:GBPJPY)  
ew-forecast  
SAXO:GBPJPY   Sterlina / Yen giapponese
Trend Analysis Chart Patterns Wave Analysis Forex GBPJPY impulse Support and Resistance Technical Analysis Elliott Wave
4
0
trendanalysis chartpattern waveanalysis forex gbpjpy impulse supportandresistance technicalanalysis elliottwaves
GBPJPY is in a strong bullish phase, but looking at the daily chart, we can see pair trading at new highs for the final wave 5 of (5) of 3 that can target 193-195 area. Based on the current Elliott wave cycle from 2023 lows, we still think that pair will come lower this year, for a higher degree wave 4 correction.
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