an a-b-c flat correction could have been completed, GBPJPY may hit a new high in coming days. Alternatively, the 5 wave down can be wave 1 of a larger trend down. In this case price will be capped below 195.85. Immediate bias is up for GBPJPY.
Comments
anilmangal
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nice ,could also be a more complex correction than an abc. (Just a heads up)