a flat correction could have been completed for GBPJPY
an a-b-c flat correction could have been completed, GBPJPY may hit a new high in coming days. Alternatively, the 5 wave down can be wave 1 of a larger trend down. In this case price will be capped below 195.85. Immediate bias is up for GBPJPY.
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Disclaimer
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.