givemesomepips

Looking for a continuation to the upside

Long
FX:GBPJPY   British Pound / Japanese Yen
Looking at the price movements here alternatives counts of equal possibilities occurs. The previous move to the downside can either be an impulsive move which means that we are at the 3rd wave or it can be a zigzag corrective with the 3 waves so the end of the wave A. All in all I still wait for the end of the move to the downside before starting the retracement to the upside.

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