GBP/JPY
As you notice on the chart, there is an impulse wave consisting of the first, second, third, and fourth waves, which have now ended. ABC will now begin to rise to complete the fifth wave, in addition to the formation of a positive head and shoulders pattern.
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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.