This post has more analytical value than trading aspect.
Tomorrow is BREXIT election which can really moves the GBP pairs.
GBPJPY has the clearest elliott wave structure in GBP pairs and this structure shows that a 5 wave impulsive move ( A wave of bigger structure) could be over and now its going for a correction to upside as wave B.
So, this structure shows that price have to make a wave to the upside.
don't forget trading these kinds of movements is highly risky and it may make a huge wave or gap to the downside because of some fundamental reason, but this structure, elliott wave theory, divergence and technical analysis suggesting upside.
lest see how is it going.
But for last words, I recommend not trading all GBP pairs for a while.
Tomorrow is BREXIT election which can really moves the GBP pairs.
GBPJPY has the clearest elliott wave structure in GBP pairs and this structure shows that a 5 wave impulsive move ( A wave of bigger structure) could be over and now its going for a correction to upside as wave B.
So, this structure shows that price have to make a wave to the upside.
don't forget trading these kinds of movements is highly risky and it may make a huge wave or gap to the downside because of some fundamental reason, but this structure, elliott wave theory, divergence and technical analysis suggesting upside.
lest see how is it going.
But for last words, I recommend not trading all GBP pairs for a while.
