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GBPJPY: correction ahead

Short
British Pound / Japanese Yen (FX:GBPJPY)  
TradingSutra Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Wave Analysis GBPJPY gbpjpyshort gbpjpyanalysis Forex forextrading forexsignals currencytrading gbpjpyprediction
7
0
trendanalysis waveanalysis gbpjpy gbpjpyshort gbpjpyanalysis forex forextrading forexsignals currencytrading gbpjpyprediction
We can see a clear 5 wave structure on upside. This suggests that there should be a three a wave downside correction . One should go short on any bounce with SL of 152.6 for tgt of 151- 150.8 zone .
Trade closed: target reached
Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
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