GBPJPY Is Still Looking For A Higher Resistance
Jul 28, 2023


GBPJPY is still looking for a higher resistance, as we see it just making a corrective pullback within uptrend by Elliott wave theory.

GBPJPY is quickly recovering after BOJ rate decision with a spike down. We see it as a wave »c« of an a-b-c correction in wave 4 of an extended wave (5). So, be aware now of a rally back to highs for the final wave 5 of (5) towards 185 – 190 resistance area, especially if jumps back above 182 bullish confirmation level, just watch out for short-term intraday pullbacks.

GBPJPY Is Still Looking For A Higher Resistance GBPJPY 4H Chart

Cryptocurrency PEPE Looks Clearly Bullish. Check our free chart HERE


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