justagirllearningtotrade

GBPJPY WAVE 3 COMPLETE - SELL FOR FINAL WAVE AFTER RETRACEMENT

Short
FX:GBPJPY   Livre sterling / Yen japonais
I am looking for another entry on this pair.

It appears as though wave 3 has found some support and I am anticipating it to retrace between 38.2% and 50% of the distance it traveled.

Wave 2 was a flat, so I anticipate wave 4 to be a sharp corrective move.

Right now I am looking at an entry around 131.6 and 1311.99.

I will be looking to sell to 129.5 to 129.9.

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