GBPJPY is being rejected by the wedge top
GBPJPY is being rejected by the wedge top 154.80. A confirmed break above this level is required for the upside continuation. A break below 153.50 in the next few days would lead to a downside wedge resistance test 151. Also, we could have seen a finish of the 5 waves to the upside which would lead to a downturn and will a strong case for a high probability short trade entry.
Note – look for the short trade entries with the stop loss above 153.50
If you want to learn trading analysis and how to get to key trading levels like in this article register for Private Live mentoring with your trading evaluation.
Take a break from your trading routine and let some funds be run by us! Copy our trades!
