GBP/JPY - Inverse S/H/S bottom completed for a measured rally higher to 174.13

GBP/JPY - Inverse S/H/S bottom completed for a measured rally higher to 174.13 

I have been tracking the inverse S/H/S bottom for a while now and with today's close above the neckline resistance near 162.00 the formation is now completed for a rally higher towards the measured target at 174.13. The S/H/S target is just below the February wave [iv] high at 175.02, so do expect this area will put up a decent fight, but it should only be a matter of time before this resistance is broken too and the rally continues higher towards 180 and 188 on the way higher. 

Ultimately a break above the late June 2015 higher at 195.88 is expected. 

Duane
2018-03-03
Hey EWS,

I just wanted to thank you for posting your charts. They are of great help to me. Your charts are a great teaching aid for learning Elliott Wave.

Duane
Roelant Mier
2020-03-31
I have been following you for years (paid membership at the time also).

Still 100% impressed with your calls. Coffee, oil, and Natgas working out well!

Thanks for all you do
Roelant
Thomas
2014-05-28
phenomenal new service EWS, I have followed you for 18 months and the exceptional analysis continues unabated! I look forward to the daily updates focusing on the most interesting and potentially lucr...