GBPJPY – update

Hi Everybody,

In my last post we saw how the GBPJPY 60min Chart had just made a Wave 5 high. Well, from the Trading Course, what should we be looking for after a competed Wave 5 high ?

Exactly, an ABC “correction”............

And that is what unfold, with the low right at the minimum Wave C WPT. The GBPJPY has since rallied nicely off this low.

Thanks

Steve