DrMocha

GBPJPY in low volatility corrective structure

Long
OANDA:GBPJPY   British Pound / Japanese Yen
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4
GBP/JPY has been forming a tightening corrective structure over the past 3 months. If this structure breaks to the upside I would expect a highly impulsive upswing. The GBPUSD has been showing a similar structure

Comments

Structure has broken to the downside with impulse. Expect further downside
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