💨Cross Rate 𝙂𝘽𝙋 / 𝙅𝙋𝙔 - Grand Triangle 🌊

●●● 𝙂𝘽𝙋/𝙅𝙋𝙔 — 𝙀𝙒𝘼

●● 𝙈𝙞𝙣𝙚 𝙨𝙘𝙚𝙣𝙖𝙧𝙞𝙤

● GBPJPY (FXCM):🕐1W


Globally, the GBP / JPY cross rate is in a downtrend. The Yen is strengthening on all fronts as part of the senior correction of the fourth wave of the "Grand Supercycle" degree, presumably, unfolding a double zigzag with a triangle (x). The final of wave ((X)) of d is close. Further, a decline is expected by wave ((Y)), which should take the form of a single zigzag, the critical level for which is the bottom of the subwave b of the large triangle (x).

● GBPJPY (FXCM):🕐1D


Counting waves on a daily interval is exotic, suggests considering wave ((X)) in the form of a rare combination of the SZ-X-FL type. This calculation was chosen as a compromise between the rules and the "right look".

● GBPJPY (FXCM):🕐6h


As you know, the wave C of the plane is always an impulse or a ending diagonal. At the current stage of growth, any of these options can be implemented, but the priority is given to the diagonal ((i)) - ((ii)) - ((iii)) - ((iv)) - ((v)).

●● 𝘼𝙡𝙩𝙚𝙧𝙖𝙣𝙞𝙫𝙚 𝙨𝙘𝙚𝙣𝙖𝙧𝙞𝙤

● GBPJPY (IDC):🕐1W


An alternative wave count locally reinforces the main scenario, suggests wave ((IV)) in the form of a single zigzag, within which (c) unflolding the ending diagonal.

The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.