GBPJPY made a deep pullback but with overlapping price action within parallel trendlines that we see it as a corrective pullback of wave 4. In fact, we have seen a nice move up from 142.13 and out of a downward channel which is first indication of a completed setback, but real confirmation of a trend continuation following a double zigzag is a break above wave x-termination point, which is at 145.57.
GBPJPY, 1H
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