GBPJPY: A monthly look - tons & tons of potential downside

The picture for the pair is pointing for a lot of potential downside, the correction of the impulse down started on 2007 may have ended at 197 as a C wave and by all means we look to have started a new impulse down so that means we may reach 80's before end of the year, this obviously won't be a difficult task provided that GBPUSD should resume big downside soon and USDJPY already begun a down impulse so it's just a matter of time.

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