GBPJPY: Descending Wedge Formation pulls the Price range.

FX:GBPJPY   British Pound / Japanese Yen
Descending wedge oscillation turns the price range to the trend resistance. In a daily time-frame, descending wedge pulls the price range to the wedge resistance. The descending wedge pattern formation boosts the continuous raise towards the trend resistance. The 148.688 is the target for the pattern formation.

Signal Specification

Entry: 142.931

Tp: 148.688

Sl: 139.830

Happy trading.

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Trade closed: stop reached


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