GBPJPY POSSIBLE SETUPS.
Price is in an overall downtrend with a descending triangle holding since 2016 and also we have this ascending wedge inside the triangle, we've a resistance @ 140.00 been rejected about 3 times.. Since price is still trading below this resistance i'll be looking out for a BEARISH FLAG to set price lower to the lower bound line of the ascending wedge, targeting 137.40, probably we will find rejection there for more upside or a break below to continue lower.
While a break above 140.00 will set price higher
While a break above 140.00 will set price higher
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