GBPJPY- ABC STRUCTURE FORMING

This pair is forming a series of corrective structures (abc or wxy).
It seems price now is developing one more abc structure, price is currently at wave B

Details on chart.

More reasons:

- ema 200 as resistance
- convergence - divergence setup
- round level 185.000 as resistance

Best regards.

*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).

Trade geschlossen: Ziel wurde erreicht:

All targets reached