GBPJPY Is Heading Higher In Five-Wave

١٦ يناير ٢٠٢٢

GBPJPY seems to have completed Elliott Wave 3-3-5 regular flat pattern correction in circled wave 4. The wave (c) of 4 perfectly hit 123.6% fib extension + 4-hour order block.

The breach of the green level will indicate that the correction has bottomed and the price is resuming higher in wave 5 of iii.

What's your view on GBPJPY? Let me know in the comment.
Thanks.