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Akil_Stokes

GBPJPY - Falling Wedge Into Previous Structure Support

Long
British Pound / Japanese Yen (FX:GBPJPY)  
Akil_Stokes Wizard Updated   
FX:GBPJPY   British Pound / Japanese Yen
Support and Resistance Wedge Falling Wedge structure psychologicalroundnumber
62
40
supportandresistance wedgepattern fallingwedge structure psychologicalroundnumber
The GBPJPY has created a falling wedge pattern that is making it's way back down into a level of previous structure support. This will be an interesting decision point for the market to see how it reacts at the 1.44 psychological level.

Akil
Comment:
We have our break below, close below forming, shifting support to potential resistance
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