GBPJPY : Sharp downside will be expected
After failure of rising above 134.72, GJ continue to fall slowly.
Looking at Leading diagonal formed as five waves, we assume this pair will be bearish at least fifty percent of High low 134.72 / 124.11.
Selling pressure assume will end at 129.3 before looking for price action on buying opportunity.
Looking at Leading diagonal formed as five waves, we assume this pair will be bearish at least fifty percent of High low 134.72 / 124.11.
Selling pressure assume will end at 129.3 before looking for price action on buying opportunity.
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