Elliot Wave Forecast GBP/JPY

We have been looking at the GBP/JPY lately with the potential setup below. Please Note this is a 60 min chart while you may see conflicting signals on lower time frames.


GBP/JPY The Instrument still can rally and see the 131.26 area where sellers should be waiting, we like selling at the Blue Box there.




The FX markets have been a bit sideways the past few weeks, however, going into Q4 we should see some more potential breakouts within price action. We shall see how this works out in the upcoming days! https://ericavillalontrading.wordpress.com

 Happy Trading!

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