📊 British Pound Currency Index (BXY) – Monthly Chart

🔹 Wave Structure: A textbook 5-wave ending diagonal completed from 2009 into 2022, finishing a long-term corrective cycle.
🔹 Current Setup: After reaching the Wave 5 low, price rallied impulsively but is now stalling around Fib retracement levels.
🔹 Outlook: A corrective decline is expected toward the 78.6% retracement zone before a massive bullish reversal unfolds.
🎯 Long-Term Target: A powerful Wave 3 rally could push the index beyond 200+ in the coming years.
⚠️ Invalidation: A sustained drop below 110 would challenge the bullish reversal outlook.