As we can see GBPJPY making all time high, but now the factors are anticipating that it may reverse from this point as a very clear bearish divergence is being shown on RSI & a Formation of rising wedge anticipating that it may break soon to start downward movement. We can enter into the trade after the breaking of wedge, keeping SL over the previously printed Higher High and TP1 & TP2 till the projection of wedge.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.