GBPJPY - Pound due a correction

2019-12-14 06:31:05

The Pound has gained nearly 17% against the Yen since August. It is now hitting a decent line of resistance with multiple 'hits' dating back to 2016. I'm not sure it's time for a turn but it could be due a decent correction at least. The red count calls for a large correction while the more optimistic blue count suggests a smaller correction.