GBP/JPY Reverses Significantly Down From Resistance
Gregor Horvat | May 23, 2016 10:05AM ET
GBP/JPY is reversing significantly down from upper trendline resistance and from 61.8% Fib. level where wave E might completed a triangle in wave 4), especially if we consider an overlap with wave a-circled. As such, more weakness may follow in sessions ahead while price is beneath 161.60.
GBP/JPY, 4H
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