GBP/JPY is @ 1.3132 in a 5th wave. We are looking to continue initially to the S3 Support @ 1.3082 and then to the S4support @ 1.2997. The overall target is the S5 @ 1.2849 and expect that is its termination. The average daily true range (ATR) for the pair currently is 133 pips.
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