GBPJPY-We are in wave v) to 157 and above ?
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MARKET COMMENTARY:
1, This is a Daily TF analysis and my target is above 157 and above as per for the wave v) of C to complete approx in 5 waves or in ending diagonal or in wedge formation.
2. Currently the we are in wave v) and i am expecting a bounce from here and the equidistant channel's lower trendline may took support and the major support zone as well @149.
3.We are near by 38.2 fib retracement for wave 4) in wave 3) as per EW theory's rules and the retracement for wave 4) is allowed and the previous intermediate wave iv) zone too.
DISCLAIMER : All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
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