GBP/JPY reached the expected target zone, upside key level (points & figures, stochastic)
Slow Stochastic
Blue line = %K, Pink line = %D, Yellow line = Slow %D
0.5-yen frame P&F chart
GBP/JPY has reached the target range of 139.1684 to 143.0854 yen that was published in the article on November 17, “GBP/JPY Upward Target and Sell Signal.”
Here, when automatically creating the GBP/JPY 0.5-yen frame P&F chart with a tool, the maximum upside target is calculated to be 143.96 yen, and it is found that the modest target of 140.96 yen has already been reached.
Also, in the above figure, the Slow Stochastic shows consecutive bearish divergence (the general use of stochastic).（Typical uses of stochastic）.
There may still be one more uptick, but GBP/JPY may have entered a caution zone.
For those who want to know more about Point & Figure (Secret Chart)
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