Elliott Wave GBP/JPY: Bearish And Looking Toward 145.7

GBP/JPY is trading in a bearish decline, now at the end of a third wave, which may have found possible support at the 145.68 level. If that is the case, then we may now expect price to make a temporary pullback as wave iv), with possible resistance around the 146.64/147.00 area. A drop in impulsive fashion below the 145.68 level would confirm more weakness for wave v).

Hourly GBP/JPY

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