If this pattern is a standard A-B-C correction lower; the target is 1.2826 calculated by Wave C being the same length of Wave A. Also, this brings into another common level--prior Wave 4 of the impulse higher at 1.2808. Support for our GBP/JPY short it may be…
GBP/USD 4-Hour View: Standard A-B-C correction lower?
If this pattern is a standard A-B-C correction lower; the target is 1.2826 calculated by Wave C being the same length of Wave A.
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