Description
⋅ GBP/JPY is following the drawn wedge since the early days of 2020, reversing every time it hit either the upper or the lower trend line.
Not only is the wedge holding strong, the 140 area is holding up as well: the price failed to close above 140 for the eighth (!) time now.
Combine the above with the failing Brexit talks, and we have a recipe for disaster on our hands.
Im considering Support 1 and Support 2 as potential exits, but feel free to do your own DD.