Gbp vs Jpy (Daily) - At the moment, I believed market in progress to perform a reversal trend scenario to complete corrective wave a. A strong bounce would indicate that market in progress to perform corrective wave b either in yellow or aqua. Otherwise, I believed we may see another strong bearish continuation trend scenario to complete corrective wave a in white.
Gbp vs Jpy (1H) - Favourably, I am looking toward a potential of a "double bottom" scenario to bolster towards completion of corrective wave A in yellow. A "bear trap" or strong bounce would support this scenario. Otherwise, I believed we may see another bearish continuation trend scenario to complete corrective wave A in white. Good luck.
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