British Pound / Japanese Yen
Short
Updated

GBPJPY

5 145
Hello Traders! 👋

What are your thoughts on GBPJPY?

On the daily chart of GBPJPY, a Rising Wedge pattern has formed. After a bullish move, the price has entered a resistance zone.
If the wedge breaks down and price confirms below the 192.000 level, a short position could offer a favorable risk-to-reward setup.

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Trade active
The trendline has been broken, and the price closed below the 192 level.

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