GBPJPY - 5th Wave Coming to an End

Are we seeing the decline in GJ bullish momentum coming to an end?

What are we expecting?

- JPY Strength - GBP weakness = GBPJPY Short Trades.

What is our confirmation?

- Price has one more push up to our 0.27% fib levels to complete our 5-wave theory.
- Use GBPUSD For added confluence as they mirror each other.
- JPY Strength

Where shall we enter?

- We can enter a safe position once we see a breakdown of bullish momentum & rejection wicks from our fib levels 0.27%.

Once entered where will our SL BE?

- SL will be above Fib levels for safe SL

Targets?

1- 164.000
2 - 160.000