GBPJPY
Updated
Internally, the wave iv can be complete though a last run to touch over 144 first would be a nice headspinner that this market loves to incorporate on a reasonably regular basis.
As long as the 144.50 zone holds price on the upside the focus is on completing the wave v of c of B before heading up in wave C of 2.
The move down to this 143.20 area forms a good ABC of a potential iv of c of IV, and remains valid above 142.90 zone approx. Otherwise we're clearly already down in wave V to a new low in the 141-140 range with the wave 1 low of 139.93 as the important level for this count.
As long as the 144.50 zone holds price on the upside the focus is on completing the wave v of c of B before heading up in wave C of 2.
The move down to this 143.20 area forms a good ABC of a potential iv of c of IV, and remains valid above 142.90 zone approx. Otherwise we're clearly already down in wave V to a new low in the 141-140 range with the wave 1 low of 139.93 as the important level for this count.
Note
The new low changes the larger count, not in any material way just that it's extended the wave 1 Leading Diagonal and we're nearing end of it rather than wave B of 2.
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