GBPJPY is about to end a bullish correction and bearish expectat
On the medium to long term, and from the bottom 2 last March at 144.88 and the pair moves in driving and overlapping wave corrections down to the top of 153.83 before Rebound down to correction
The price has formed during the downtrend from the top two waves, currently the price is likely to end the second, which is a correction of the first wave in preparation for the decline to complete the third wave
The next bearish wave may target 150.30 levels
Fibo Cluster is trading around 150.30 levels in relation to the three corrections that the price action during the ascending journey has made from 144.88 to 153.83
The price has formed during the downtrend from the top two waves, currently the price is likely to end the second, which is a correction of the first wave in preparation for the decline to complete the third wave
The next bearish wave may target 150.30 levels
Fibo Cluster is trading around 150.30 levels in relation to the three corrections that the price action during the ascending journey has made from 144.88 to 153.83