Currently, GBP/JPY is trading at 132.84. The pair is consolidating in the ascending resistance and support wedges. If it breaks the resistance level at 133.09, the pair may start a new up trend and its target price will be at 134.96. If it breaks the support level at 131.82, the pair may enter into a down trend and its target price will be at 129.58.
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Rishikesh Lilawat
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Thank you,
Rishikesh Lilawat