GBPJPY POSSIBLE SETUPS.
Price is in an overall downtrend with a descending triangle holding since 2016 and also we have this ascending wedge inside the triangle, we've a resistance @ 140.00 been rejected about 3 times.. Since price is still trading below this resistance i'll be looking out for a BEARISH FLAG to set price lower to the lower bound line of the ascending wedge, targeting 137.40, probably we will find rejection there for more upside or a break below to continue lower.
While a break above 140.00 will set price higher
While a break above 140.00 will set price higher
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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.