AMTrader

GBP/JPY Wedge Breakout

Short
FX:GBPJPY   British Pound / Japanese Yen
Price has broken the wedge formation, possible targets are:
145.13 and 141.40.

Picking an entry is tricky, but one could attempt to enter a short
trade if price gets rejected at the weekly S1 at 148.63, or from the weekly pivot point level 149.46.

Place stops above 150.00

Happy trading
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