GBPJPY 1 HR Elliott Wave Count
As we Look at the Daily and Weekly Elliott Wave Counts we can see that the pair has 5 waves up from the 126.675 lows. There are a number of ways to count this move up with nested 1-2 and 3 is under way right now or you can say that there is a nested 1-2 within wave 5 that needs some 4 and 5's to play out yet. I am going with the 5 waves up complete for an (a) wave and the pair is correcting in the (b) wave now. If it continues higher in one of the alternate counts, so be it. In the end I am looking for 163.978 while 126.675 holds.
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| GBPJPY 1 HR Elliott Wave Count |