Quote Originally Posted by ;
Alright, GBP/JPY thus far declared its uptrend, powered largely by USD/JPY (this pair still hasn't reached 118.00 yet, dang). Next important target at 241.46 (ancient year's top, left shoulder in weekly graph) remains to be hit. Still looks like a creation of HS in graph. C'mon carry traders, break it!
I'd REALLY love to hear your opinion on this super-simple count attempt.

No rush however, finish your trades first.

The previous two tops seem like possibly waves 5 and 3 of the big wave 3 and I am playing on the situation of the past unwind low being either 4 or only an A.

We are right in the .618, which makes bearish indiions and at that shoulder you already mentioned. So this COULD become an B, no?

Straightforward correction, ABC for big wave 4?

Just would really like to hear whether this is completely impossible or feasible from the perspective...I am viewing this as possibly likely IF the DJI keeps dropping. The dilemma is that this would probably abort GBPUSD somewhat early, because I can not see while GJ rockets downwards GU producing new highs independently. . .but who understands.