GBP/JPY: 5th Wave?

 | Jul 28, 2016 08:50AM ET

GBP/JPY:

Currently we are 137.79. We are looking for a continuation to the 0.500 Fibo @ 136.03 and maybe a continuation to 133.82 by week end. The average daily true range (ATR) for the pair currently is 331 pips