GBPJPY
Double retracement to .618 in last selling movements indicates it is not a wedge
Wedge would be .618 , then .50 to create new low with more slope
This implies we are probably trading wave 2 inside wave 3
Short @167 target 161
target 2 = 157 (base channel in weekly chart)
Double retracement to .618 in last selling movements indicates it is not a wedge
Wedge would be .618 , then .50 to create new low with more slope
This implies we are probably trading wave 2 inside wave 3
Short @167 target 161
target 2 = 157 (base channel in weekly chart)
