Falling Wedge Shows Long-Term Bullish Trend on GBPJPY

We can see a falling wedge forming on this pair starting from around mid-December, so this is likely foreshadowing a major bullish turn for the pair. There may be some minor consolidation at the 1st target, but I believe that the pair will rally back to pre-Brexit levels due to their independent economic strength. Of course this is barring any major news regarding the actual secession.

All things considered, the entry should be a little higher than normal for these patterns to account for anomalous and otherwise false reversal signals.

Will update with setup as the trade becomes more realistic.

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Structure and prediction holding up very well; Still monitoring this closely.

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Target 1 reached after a whopping 1270 pips. Hopefully some of you were able to catch the ride up!