GBPJPY 14-12-22

*Price is currently trading at the 0.382 Fib level of the last major impulse, with strong bearish momentum, which is likely to push the price to the 0.618 Fib level (Around 166.150)
*We should be looking for bullish confirmations at the current level or more preferably at the 0.618 discount level or above 166.550 for longs.

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