GBP/JPY Daily Forecast (6th July)

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Short idea on GBP/JPY.

Possible Elliot C wave may come. Excellent short option in case of key level / channel break. Risk-Reward ratio is also favorable for us, the next strong level is quite far away.
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Trade cancelled, price heading to the top of the channel.
Chart PatternselliotwaveanalysisGBPGBPJPYjpynecklinepriceactionSELLshortTrend AnalysisWave Analysis

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