(P) Update: GBPJPY – Still Falling. Waiting For Retrace. Re-adjusted Wave Count.

Again, I am forced to reassess my wave count on this pair because of this very strong downtrend that just isn’t stopping! Combination of sterling weakness and yen strength are driving this downtrend. But everything that falls must also rise someday, right? So I am now watching for the momentum to slow and looking for signs of a reversal. When…

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