Bearish Turn For GBPJPY Near 130.04! - Elliott Wave Analysis

Hello fellow traders,

GBPJPY is recovering in a three-wave move from the lows, however it can be only temporary, as it can be part of a higher degree fourth wave correction. Possible resistance for sub-wave y of iv) can be near the 130.04 area, area of a former wave iv of one lesser degree.

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gbpjpy, 1h.