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Thursday, January 30, 2014

GBP/JPY in a small but complex wave 4 correction.

GBP/JPY

We are currently in wave 4, which likely will be a complex flat correction, as wave 2 was a major simple zig-zag decline wave 4 should be small but complex. Therefore I will look for a correction the 23.6% corrective target at 161.50 and maybe even lower towards the 38.2% corrective target at 153.33, but not lower than that.


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