GBPJPY Wait wave 5 is in play
The pop above 147.21 implied that wave 4 has higher highs in store. Allow for higher as long as 146.09 holds. A drop below that level would leave the bounce from the 145.94 low with a corrective look (i.e., a three-wave pattern), suggesting that wave 4 is complete and that wave 5 is in play
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