GBPJPY rejected from wedge top
GBPJPY has been rejected from a wedge top and a falling trend line 165. A confirmation of the downside reversal will come upon a break below 160, leading the pair downside to retest the support confluence 155-157 zone. Continuation higher is possible only on a break above 165, which is highly unlikely, and the probability of the turn higher in this stage is low.
Note: look for the short trade entries with the stop loss above 162 upon an intraday break below 160.
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