These are my thoughts on GBPJPY.

I've added notes to the chart that validate my theory based on Elliott Wave Theory.

I believe we are in Wave B of the overall structure.

I've linked an earlier idea that supports my theory.
Note
GBPJPY CORRECTIVE SELL
Note
I'm thinking this may go farther on the first TP. I've adjusted but will be watching closely.

snapshot
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elliottwavecorrectionElliott WaveGBPJPYgbpjpysellgbpjpyshortWave Analysis

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