Supossing that we have the "top" in GBPJPY 195.84, then we can start a bearish wave count
In this case 193.5 is very important as resistance level for completing the first wave
target would be december high 189.5
Any close above 193.5 would invalidate this wave count.
In this case 193.5 is very important as resistance level for completing the first wave
target would be december high 189.5
Any close above 193.5 would invalidate this wave count.