GBPJPY may be trading at the beginning of a three wave correction, now in wave a. As such after wave a finds bottom a new bounce into wave b may follow. Later the mentioned wave b may see limited upside around the 139.90 level, from where a new drop into the following wave c may follow. Support for the whole corrective retracement may later be around the 138.29 level.
GBPJPY, 1H
Get daily and weekly ActionForex analysis and key releases on our Telegram channel.
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.
Contact us: contact@actionforex.com
© ActionForex.com © 2026 All rights reserved.
