So today GBPJPY has made another wave. It is a sixth zigzag wave in a row. The serie of this motions had started two weeks ago and since that it appeared that every next wave has become bigger and bigger. First one was about 140 pips wide, second was about 150, then 170, 200, 230 and today's wave was 250 pips wide. It was interesting sideway market motion which offered intetesting opportunities for profits. In case that this pattern will remain we could see now opportunity for long positions with target 186,40 in my view.
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