GBP/JPY falling inside minor ABC correction (ii)

GBP/JPY falling inside minor ABC correction (ii)

  • GBP/JPY falling inside minor ABC correction (ii)
  • Next sell target - 139.00

GBP/JPY has been falling in the last few trading sessions inside the c-wave of the minor ABC correction (ii) from the start of July. The active wave started when the pair reversed down from the powerful resistance area located between the long-term resistance level 148.00 (top of the previous impulse waves (1) and 1 and (i)) and the upper daily Bollinger Band. GBP/JPY is expected to fall further to next sell target at the next round support level 139.00 (bottom of the previous minor ABC correction 2 from June).

Similar

Popular

Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera