GBPJPY – Ending wedge target at 136.00

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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. The Marabuzo level from February (mid-point form open and close) is located at 150.84. We closed underneath that level in April Weekly:  The weekly chart highli...

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