A good time to update the GBPJPY chart, lets start by firstly digging up the leg we are following:

Supreme Court Flows ... A Must Track!!


So far a very good example of how to trade waves, we are now tracking the ending of wave 2 and a transition into the impulsive 3rd leg in this journey. The invalidation for this entire move comes into play above 136.0x ...I am wary of a sweep and remain cautious of a stop hunt... similarly to the way we traded a position live on Tradingview to the downside during the first leg:

An example of positioning in GBPJPY


We'll see how it plays out over the coming sessions.

BOEbojbrexitcarneyGBPGBPJPYTechnical IndicatorsjohnsonjpykurodaTrend AnalysisWave Analysis

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