GBPJPY Elliott Wave View: Wave Red X Still in Progress

GBPJPY Short Term Elliott Wave suggests that the decline to 8/23 low at 139.27 ended Minor wave W. Minor wave X bounce is currently still in progress as a double three Elliott Wave Structure. Minute wave ((w)) of X ended at 141.47, Minute wave ((x)) of X ended at 139.98, and Minute wave ((y)) of X is proposed complete at 142.93. The move higher from Minor W can be counted as a triple three. In this case, it will open extension higher to 143.75 – 144.27 area before pair turns lower.