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fxJun 30, 2026, 4:44 AM

GBP/JPY Elliott Wave: Diagonal Pattern from April 30 Low Continues Higher

GBP/JPY is advancing in a five-wave diagonal structure from the April 30, 2026 low, with wave ((i)) at 214.05 and wave ((ii)) pulling back to 211.18.

GBPJPY

According to a recent Elliott Wave analysis, GBP/JPY is unfolding a diagonal pattern from the April 30, 2026 low. Wave ((i)) completed at 214.05, followed by a corrective wave ((ii)) that retraced to 211.18.

The pair has since moved higher in wave ((iii)), suggesting further upside potential within the diagonal structure. The analysis indicates that the current advance is part of a five-wave sequence.

Traders following the Elliott Wave approach may watch for continuation of the move, with key levels identified by the prior waves.

Source: FXStreet Forex News