I have being looking at the movements of GBPJPY for a while now, it seems that the pair is still ranging in high value of pips, but I still see a valid heavy bullish pattern even after a short retracement, coupled by the lower leg of the retracing wave position at which the market is resting at this point in time. I am on buying position on GBPJPY, I will hold it as long as possible, and if 146.08 is recaptured again, then another bullish wave is activated.
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