GBP/JPY: buy targets - 192.00 and 194.00
By: Dmitriy Chernovolov
- GBP/JPY completed intermediate ABC correction (2)
- Next buy targets - 192.00 and 194.00
GBP/JPY continues to rise strongly after the recent sharp upward reversal from the support zone lying between the support level 185.00, the lower daily Bollinger Band and the 50% Fibonacci Correction of the previous sharp intermediate impulse wave (1) from April. The upward reversal from this support zone completed the latest intermediate ABC correction (2) from June.
GBP/JPY is likely to rise further inside the active impulse wave (3) toward the next buy targets 192.00 and 194.00.