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Short

GBP/JPY Major-Channel breakdown soon ? (Nikita FX )

FX:GBPJPY   British Pound/Japanese Yen
134 0 0
GBP/JPY             looks like rebounding at the Green Channel bottom line, however it is
still wave 4 since 189.70. If this wave counting is right, GBP/JPY             will be having a
Major-Channel breakdown with wave 5 soon.

In case of Channel breakdown, target will be at 154.25 area at most.

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