I am expecting bullish breakout on GBPJPY. It seems to me that bearish wave has lost momentum and forming a bearish flag against the bullish impulse. In case price break down the recent lows then it will invalidate the idea.
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Bullish momentum is not strong enough break down is possible sell on sharp break
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We approaching to the ideal sell place
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So far price is moving according to my prediction. I am expecting ABCDE triangle. once price hit my D wave then i will look for E wave. In case price breaks up then i will look for Flat ABC. Here is the update.
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I am still bearish on this pair.
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Najib13th
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any updates from this pair sir?still valid to bull?
Wave-Trader
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There are no bullish moves mate its corrective move to the upside keep watching breakdown is possible. wait for my update mate
Najib13th
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thank you sir.hoping and waiting for your updates on this pair.
nahian87
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I still think USD/JPY will reach 98~ before it go long.
Wave-Trader
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Very possible mate Good Luck
fxfxfx
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This pair is ready to go up! :)
Wave-Trader
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Not yet keep watching for price action on bottom line ya it not ready yet.
fxfxfx
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OK, thanks for the advice.. We will see on Monday. Have a nice weekend Wave
Wave-Trader
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My pleasure mate cheers.
arshadd
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Sir would you mind , sharing ur one strategy to enter the trade, please with rules sir.