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Elliot Wave Impulse On GBPJPY

FX:GBPJPY   Libra Esterlina/Iene Japonês
In Elliott Wave Theory, wave three is usually the largest and most powerful wave in a trend (although some research suggests that in commodity markets, wave five is the largest). The news is now positive and fundamental analysts start to raise earnings estimates. Prices rise quickly, corrections are short-lived and shallow.

As we observed in the market, we are doing an extension in wave three in turn the market made the correct numbering, getting the sideways and sharp in the extension now we hope that we create a correction of abc to achieve complete number five
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