FX:GBPJPY   British Pound / Japanese Yen
GBPJPY is currently moving within an ascending triangle after major support around 149.000 was broken early in the month. If we are able to see one more move higher to test the 149.000 resistance (red box) I will look to sell this pair and go quite heavy! I can see the pair heading to 147.500 and if it breaks this level, we may see 144.000 within the next month or so. If the retest of 149.000 doesn't happen and price falls from this triangle's support, wait for the retest that should occur around 147.500!

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