On the GBPJPY chart, we can see that the pair is being rejected by the 55 WMA 146.200 level in the wedge formation and this could lead to another swing lower to 143 level. This move will be invalidated only in the case of a daily close above 146.200.
Note: look for the short trade entries based on the price action daily close with the SL just above the 146 level.
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