GBP/JPY has been in a strong bullish phase, but five-wave bullish cycle within wave (5) up from 2022 swing lows can be completed after recent strong reversal down back below channel support lines. However, price could be go to the nearest strong supply zones which mean small traders can take a quick scalp before it go for correction.

BUY GBPJPY 195.150-195.050

TP 1: 195.400
TP 2: 195.700
TP 3: 196.000

SL 194.800

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FibonacciSupply and DemandSupport and Resistance

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