GBPJPY – Long Term Scenario

GBPJPY – Long Term Scenario


A long term view based on the Elliott Wave Theory. Based on this, the pair will keep sliding down in the coming months/years and follow its main trend. The large rejections at the 0.618 gives us a nice confirmation of the trade and previous highs can also be used as stops. Targets can be made based on the trade idea (long/short term).

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