FOREXCOM:GBPJPY   British Pound / Japanese Yen
I suspect the price action for this symbol is trying to complete wave 4 in an abc fashion or if you want to nitpick, an abcde wave pattern to form wave 4 (price of between 164.85 - 165). After completion of wave 4 in this price zone, normally the price should shoot up to complete wave 5. I will be expecting wave 5 to complete at target levels 168 and 168.7 respectively.

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