GBPJPY is acting based on the Impulse waves of the Elliott Theory, as seen, Price bounced off the Trendline Support making the 4th impulsive move to the upside (5th impulse move) from there, Price will fall hard breaking the Rising Wedge Pattern to the downside.
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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.