GBP/JPY looks for a bearish signal, with upside target (Elliott Wave, Stochastic))
In the previous article, it said "Be vigilant for USD/JPY and stay cautious on the upside target"
Slow Stochastic
Blue line = %K, pink line = %D, yellow line = slow %D
GBP/JPY, which had been rising sharply, shows signs of a pullback.
Here, from the starting point of 126.493 yen at 11/3 13:00, we will calculate the upper target of the rise in GBP/JPY using the. (The numbers refer to GMO CLICK Securities Platinum Chart above.)
If 126.493 yen at 11/3 13:00 is the first wave start, 130.41 yen at 11/9 10:00 is the first wave high, and 126.686 yen at 12:00 is the second wave low, then the fifth-wave target is calculated as 139.1684 yen to 143.0854 yen.
The maximum target for the third wave is calculated as 136.9407 yen, and we have already risen close to the maximum target for the third wave.
Also, a downside signal appeared in the above Slow Stochastic（）.
GBP/JPYis expected to continue its uptrend, but in the near term a fairly sizable pullback seems likely.
Notice of limited-time discount campaign
If you want to learn more about Elliott Wave Theory
GBP/JPYis expected to continue its uptrend, but in the near term a fairly sizable pullback seems likely.
Notice of limited-time discount campaign
If you want to learn more about Elliott Wave Theory
× ![]()
