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g2rafael

GBPJPY Long Term Wedge Trading

Short
British Pound / Japanese Yen (FX:GBPJPY)  
g2rafael  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Wave Analysis Chart Patterns GBPJPY
4
0
trendanalysis waveanalysis chartpattern gbpjpy
It seems to me that this pair is trading within this wedge formation.

I do expect a fall for the next few days/weeks and then a bounce.

If it manages to rally longer term towards 163 164 then this wedge could be confirmed and then we might see a bigger drop.

For now the focus is on the upcoming down move.

This is only for educational purposes only.
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