GBPJPY
W1 - The price may push off from the upper boundary and a strong level, which may lead to a guaranteed fall to 179.228 (lower boundary)
D1 - The price has approached the breakout of the 1st wave, which can form the 3rd wave and begin a downward movement to the local level of 184.187.
What can you expect?
You can consider entering from the current levels of 187.136 with a Target of 184.187. Also, if you are considering an entry, you can irrigate the price fixation below the minimum of the 1st wave, which will make your entry point more confident.
Cancel if the price breaks the maximum of the 2nd wave - 188.619.
Short
Target 186,710 - 186,051 - 185,342 - 184,187 - 179,228
W1 - The price may push off from the upper boundary and a strong level, which may lead to a guaranteed fall to 179.228 (lower boundary)
D1 - The price has approached the breakout of the 1st wave, which can form the 3rd wave and begin a downward movement to the local level of 184.187.
What can you expect?
You can consider entering from the current levels of 187.136 with a Target of 184.187. Also, if you are considering an entry, you can irrigate the price fixation below the minimum of the 1st wave, which will make your entry point more confident.
Cancel if the price breaks the maximum of the 2nd wave - 188.619.
Short
Target 186,710 - 186,051 - 185,342 - 184,187 - 179,228