Outlook on GBP/JPY

H4 price action has failed to break out of the channel forming a rising wedge. It has broken out of the lower trend line of the wedge so we might see a drop. Confirmation of the sell at 139.209

A 30min downtrend is formed as well as a possible wedge if it bounces off price 139.478 once more

Leave a Reply

Your email address will not be published. Required fields are marked *