Bounce coming in GBPJPY

16 Ağu 2016

My analysis shows a possible upcoming bounce for the Pound against the Japanese Yen. My Elliot wave count is shown on the chart and the parallel lines on the chart are the 0.25, 0.5 and 0.75 lines from an Andrews Pitchfork taking the 2007 high as A and the 2011 and 2015 low and high respectively as the B and C.

3 Eki 2016

Not

Only a short bounce though!