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GBPJPY Update III : Running Triangle Near Completion

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On the 4h chart, we see that pair is still trading in a corrective pattern - running triangle. It has already completed red waves (a), (b), (c), and (d). That said we are now waiting for wave (e) to unfold. After wave (e) is completed we may see a reversal to higher levels in blue wave c-circled.


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