Hey there, it's an update on GBJPY. The recent bullish trend on the hourly timeframe confirms the completion of 5 wave impulses inside a growing channel, and we can expect a bearish breakout in the future. The breakout over this lower boundary can be a decent retracement close to 50-61% on the Fibonacci retracement. Remember to always do your own research and analysis before making any investment decisions and be prepared to accept the risks associated with investing in the stock market. Thank you.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.