Wolfe waves are known for their accuracy in terms of timing and estimated price, (IF and WHEN they are correct). That said, GBPJPY daily charts seems to have a qualified wolfe wave. The EPA/ETA is 171.9, around 23rd July.
If you look to the weekly, the most recent candles was an inside bar and last week made a lower low and a lower high after the inside bar, indicative of a bit more downside move.
GBPJPY is in a bullish trend, so this downward move is more like a correction. Expect a drop to 171.9 on break of 172.661 or sell from a retracement to 173.975. stops few pips above 174.535
If you look to the weekly, the most recent candles was an inside bar and last week made a lower low and a lower high after the inside bar, indicative of a bit more downside move.
GBPJPY is in a bullish trend, so this downward move is more like a correction. Expect a drop to 171.9 on break of 172.661 or sell from a retracement to 173.975. stops few pips above 174.535