GBPJPY Update II: GBPJPY Trading In A Correction

On the Daily chart price is trading in a correction in black wave 4. That said price may reach the fibo. level 0.382 of previous black wave 3, before turning to the upside. Invalidation level is at 184.470, as long as this level is not breached we are expecting a bullish turn, because wave 4 must not trade into wave 1.


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