gbpjpy: two possible scenerios. Pair going long or short

British Pound/Japanese YenFXCM

Description

⋅ May 31, 2020 5:36 PM

A rising wedge which suggest a reversal of the trend, hence we will be looking at a short trade...however the price has already moved above the 200daySMA...we might also be seeing price going higher if it breaks the resistance line and retest it....

like and comment if you like my idea.