GBPJPY – Ending Wedge offers downside bias

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GBPJPY - Ending Wedge offers downside bias
Monthly: The cross is trading between the 38.2% and 50% pullback level (of 152.09 and 160.45). Price action in February posted a bearish Outside Month, often an indication that the rally is over and the start of a ne w downward bias. The Marabuzo level from February (mid-point form open and close) is located at 150.84. We are likely to close underneath that level in April Weekly:  Th...