The currency pair, GBP/JPY is currently in the range of 182.8 to 183.5 as of 03rd September, 2015. In Elliot Wave terms, an Intermediate E wave or a 4th wave (leg) is about to be completed, with the 1st wave advance having started at April 14th, 2015. Using Fibonacci time zones, retracements, and trendlines, analysis indicates that the first of two minor waves is nearly complete, with the first one most likely finding support at 182. Time zones were set apart at a 16 day difference, an average o…
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