FX:GBPJPY   British Pound / Japanese Yen
Hello and welcome everyone this is my point of view for “GBPJPY”.
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  • Classical POV:As we can see on 4H frame we can see Raising wedge which is broken and now on the retesting phase.

  • Support and resistances:the prices are facing strong resistance zone which is the lower side of the raising wedge

  • We’re waiting for confirmation but more likely it’s going to be for selling and prices will fall. But let’s wait for confirmation

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