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FX.co ★ Elliott wave analysis of GBP/JPY for May 11, 2022

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Forex Analysis:::2022-05-11T04:06:56

Elliott wave analysis of GBP/JPY for May 11, 2022

Elliott wave analysis of GBP/JPY for May 11, 2022

GBP/JPY should see a strong test of the neckline support near 159.77 anytime now and a break below here confirm a continuation lower to the 154.41 target and maybe even closer to the 50% target at 150.88 as wave C progresses.

For now a firm test of the neckline support at 159.77 is in the cards.

Analyst InstaForex
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