Prime rising wedge formation. Pair has rejected the recent high multiple times and is extremely over-bought. Rising covid cases and deaths. Government looking at stricter restrictions. Also upcoming data coming for GBP will drive this pair back down to 50-100 MA area on the daily timeframe.
Chart PatternsFundamental AnalysisGBPJPYgbpjpyshortTechnical Indicatorsshort

Disclaimer