GBPJPY

I had posted my expectation for this pair to rise strongly for about 3000 pips or more. But first, some corrective movements are expected before the long launch.



Above is GBPJPY 4 HR chart. I expect the pair to rise to 195.13s level (to complete the labelled green wave 'b') before falling dramatically to about 189.68 or 188.57 as shown by the blue lines.




1 HR Chart.



30 Min Chart. A small fall to 192.80 or 192.38 before the rise to 195.13s level.

EURGBP



This pair is falling to complete the orange bracket Wave C of a zigzag. I expect blue wave 5 to complete at 0.6753 or 0.6579 (which would be too much of a stretch really). My preferred target is 0.6753s. After that expect a strong move up targeting 0.7469 (the terminus of blue wave 4).

Blue wave 5 is an ending diagonal as shown below:



EURGBP Daily Chart.



EURGBP 4 HR Chart.

GBPUSD:

Daily Chart:


I expect the pair to complete a triangle wave B before rising strongly for about 600 pips in wave C of (2). Targets for wave (2) are the horizontal blue lines.

Short term, though, I expect the pair to rise to about 1.5800s level to complete wave [d] of the triangle, then fall to 1.5380s completing wave [e] before the strong upward thrust from triangle.

I'll try to post videos in the new week to explain the nuances.

I believe the USDJPY pair will be an interesting one. Try not to miss the move down.