Bearish wave has lost momentum

18 août 2016

I am expecting bullish breakout on GBPJPY. It seems to me that bearish wave has lost momentum and forming a bearish flag against the bullish impulse. In case price break down the recent lows then it will invalidate the idea.

29 août 2016

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Bullish momentum is not strong enough break down is possible sell on sharp break

1 sept. 2016

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We approaching to the ideal sell place

5 sept. 2016

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So far price is moving according to my prediction. I am expecting ABCDE triangle. once price hit my D wave then i will look for E wave. In case price breaks up then i will look for Flat ABC. Here is the update.

22 sept. 2016

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1 nov. 2016

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I am still bearish on this pair.