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GBPJPY Update II: Running Triangle

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Aug 10 2015

GBPJPY has turned down last week, but notice that weakness occurred after a completed three wave rise from 191.00 to around 195.30. This is a corrective structure that belongs to a bigger and more complex pattern. Our primary scenario shows idea of a triangle placed in wave (b)-circled so uptrend could still continue but after wave (e) is done.

Below it's an updated count from article published on Aug 04. Click here

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GBPJPY, 4h


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