GBPJPY Buy zone ACTIVATED

As shown on the chart, based on Elliot wave count, the corrective wave 4 has ended, this give an opportunity to trade the last motive wave 5.
This is in confluence with the 50 to 61.8 fib level of BC a 5-0 pattern, expecting to trade the D leg

The risk reward ratio is 3.7

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5-0 PatternElliott WaveGBPGBPJPYgbpjpyanalysisjpyanalysispoundsterlingTechnical AnalysisWave Analysis

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