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GBP/JPY – Possible Short-term Elliott Wave Count (2/28)

posted by Avatar FXTimes 814 days ago in JPY, GBP, Technical

The GBP/JPY was heading towards 129.50 as noted last Friday, but the 131.00 pivot is providing support to the current decline. The decline appears to be in an impulse manner, and another such decline can be expected later this week. In the meantime however, we saw a bullish divergence, and the market rallying after the setup…
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