empty
 
 
11.03.2022 08:41 AM
Elliott wave analysis of GBP/JPY for March 11, 2022

This image is no longer relevant

The correction from the late May 2021 has turned into an ascending triangle in wave iv/ and more upside is expected now that wave e/ of iv/ has completed. We need a break above the resistance-line at 158.00 to confirm that wave v/ higher towards 163.39 is unfolding.

A break above minor resistance at 155.30 will be a strong indication that wave iv has completed and wave v/ of 3 is in motion.

Summary
Urgency
Analytic
Torben Melsted
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback