GBPJPY: Bearish Move From Key Level 🇬🇧🇯🇵

Short

British Pound / Japanese Yen (OANDA:GBPJPY)

Updated

OANDA:GBPJPY British Pound / Japanese Yen

Wedge Supply and Demand Multiple Time Frame Analysis GBPJPY pound japaneseyen jpy GBP poundsterling forecast tradingsignals trader

wedgepattern supplyanddemand mtfa gbpjpy pound japaneseyen jpy gbp poundsterling forecast tradingsignals trader

snapshot

GBPJPY nicely respected a wide horizontal daily resistance.

The price broke a support line of an expanding wedge pattern on
an hourly time frame and formed a cup & handle formation.

We may anticipate a bearish continuation to 184.79 / 184.52

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Comment:

First target reached!
We are very close to T2!

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