is trading in a falling wedge
pattern. We might see further downside in GBPJPY
, which can give good 50 or 60 pips profit for the downside. One can take short trade with a proper risk management system at the current level. If pair consolidates at the current level, it won't be a surprise for the trader as pair consolidated many more times in the past than trading in the pattern.
If You Like Idea Do-Follow For More Quick Updates
Note - Trade With Proper Risk Management System