Stock markets in Asia were lower after North Korea accuses Trump of declaring war. We have seen Nikkei turning lower, but mostly likely only into wave C of 4) which may send price to the upside soon, into wave 5) towards 20600. At the same time we can expect higher xxx/jpy pairs because of tight positive correlation.
Nikkei 225, 1H
We are looking at GBPJPY which is also in a wave c of 4 but it may retest 149.70 low before turning up. However rise above 151.85 would suggest that wave 5 is already underway.
GBPJPY, 1H
