GBP/JPY LOOKING FOR PATTERN BREAKOUT
The GBP/JPY 1H chart is consolidating in what appears to be some sort of a wedge formation. The overall directional bias is to the upside, with the RSI holding above 50 thus far, and stochastic being near overbought, we're looking for a break to the upside.
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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.