The GBPJPY has just bounced off the 61.8 Fib retracement and its on the way down!
If you take a Fib. Retracement on the pullback itself, you would find the 161.8 retracement level coindentally coincides with the previous impulse wave!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.