Education

GBPJPY Weekly View (1/3/2020)

By AdamIdris

Updated

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

Note

H4 chart 4th Mar 2020

Note

Note

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.

Note

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.

Trade closed manually

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

AdamIdris

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