The strong break of 209.47 suggests that corrective fall from 219.56 has completed with three waves to 207.06. Intraday bias in GBP/JPY is back on the upside for 38.2% retracement of 219.56 to 207.06 at 211.83. Break there will target 61.8% retracement at 214.78. On the downside, below 209.47 will turn intraday bias neutral again. […]
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