GBPJPY - Daily - Potentially, something like this.
If we will apply your normal average day Elliott Waves, then we might get something like this...
Not saying that it will definitely happen, but something is hinting me towards this idea. We will be having interesting news from UK at 9:30 BST, so I suggest place your trade after that. Don't improvise too much. Should be an interesting day for the Pound.
On a bigger scale, we are also starting to range in this parallel triangle, which almost looks like a channel.
I will not recommend any particular levels as at this moment it could go either way with the news.
Keep an eye on the price action!
Not saying that it will definitely happen, but something is hinting me towards this idea. We will be having interesting news from UK at 9:30 BST, so I suggest place your trade after that. Don't improvise too much. Should be an interesting day for the Pound.
On a bigger scale, we are also starting to range in this parallel triangle, which almost looks like a channel.
I will not recommend any particular levels as at this moment it could go either way with the news.
Keep an eye on the price action!
