GBPJPY Weekly View (1/3/2020)

29 Şub 2020

GBPJPY weekly chart.
This is my prediction for GbpJpy. Only speculation to learn the Technical Analysis.

4 Mar 2020

Not

H4 chart 4th Mar 2020

4 Mar 2020

Not

8 Mar 2020

Not

Speculation for next week 9th Mar onward.
Wave (2) maybe completed.
Next move, possible 5 minor wave to form a new wave 1.

Only for guideline.

9 Mar 2020

Not

As world has been shocked by the huge drop in crude oil. The investor looking for other instrument to protect their wealth. JPY is one of the best currency to protect wealth during turmoil.

Thus, Wave (2) is not yet completed.

The position of Wave (2) has to be reviewed and to review whether the EW counting on Wave (2) is still valid or invalid. Wave (2) not supposed to exceed 78.6% of Wave (1).

The updated chart will be updated later.

15 Mar 2020

İşlem elle kapatılmış

As Weekly wave 2 drop and reached 76.8, wave 2 not valid. Corrective wave may continue. WXY upgraded to WXYXZ. Refer to new possible counting on new weekly posting. Tq