GBPJPY Setup longer term

24 ส.ค. 2020

When we look at the bigger picture we can see this rising wedge. We also can see it respected the pattern by rejecting the resistance. We are going down, most likely to 137. From there we can take a long back to the resistance. and then a short, as many of you know a rising wedge mostly break downwards: this could be the last time it reaches resistance.

At the moment it's struggeling with going down, maybe we can see a long from here but that depends on the market movements tomorrow, and in the next days.

Wish you the best trades! Goodluck.
Feel free to give your opinions down in the comment section!