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GBP/JPY Technical analysis

Short
British Pound / Japanese Yen (FX:GBPJPY)  
traderpulse  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Harmonic Patterns Rising Wedge priceaction
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trendanalysis harmonicpatterns risingwedge priceaction
The GBP/JPY pair is currently in a rising wedge formation.
Moreover it has been formed after a steep up rally.
Hence we expect the pair to retract on breaking the supportive trendline.
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