GBPJPY – Selling into rallies with the upside limited

With UK earnings data release out later today, we could see a spike through resistance to trigger our short

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GBPJPY - Selling into rallies with the upside limited
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 new downward bias Weekly:  The weekly chart highlights mixed trading for the last 69 weeks as we hold within a bearish Ascending Wedge formation. A break of trend line support (at...