The GBP/JPY pair is currently in a rising wedge formation.
Moreover it has been formed after a steep up rally.
Hence we expect the pair to retract on breaking the supportive trendline.
Moreover it has been formed after a steep up rally.
Hence we expect the pair to retract on breaking the supportive trendline.
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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.